The volatility of the business cycle and an extreme shortage of housing were the twin problems of American economic life in the years following the First World War. Under the…
Innovations in single-family home construction are badly needed. Studies show that every county in the U.S. is facing an affordable housing shortage. Homeownership is…
This paper examines trends in prime-market mortgage lending to low- and moderate-income families and to families living in underserved areas, hereafter affordable lending,…