That’s like saying if Bank of America sees major increases in credit card spending, it’s not useful because there are other banks. United is a major mover; it’s a significant data source.

The census happened three years ago. Everything that has happened since then has not been captured. Whereas United is a business that collects stats every year.

It also comports with the data we are seeing on housing. There’s little to no inventory because the demand is so high. That’s not what happens in shrinking dying places.