Since the mid-2000s, the construction industry in the United States has faced a significant shortage of skilled labor. During the Great Recession, the industry lost nearly 1…
Home prices rose at an unprecedented pace after the start of the COVID-19 pandemic, the result of record-low interest rates, the continued aging of millennials into prime…
Over the past thirty years, real home prices and rents in dense urban centers in the US grew more rapidly than housing costs in suburban metropolitan neighborhoods. At the…
Last year, James Shen, Chris Herbert and I co-authored a paper that showed that manufactured housing offers significantly reduced construction costs compared to conventional…
Alexander Hermann, Whitney Airgood-Obrycki
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February 7, 2024
In the United States, rural areas face significant and unique economic and housing challenges. While far from homogenous, rural areas nevertheless tend to share some similar…
With home prices and rents hovering near record highs, and for-sale inventories and vacancies stuck near record lows, there is a significant housing shortfall. Most experts…
Alexander Hermann, Peyton Whitney
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January 22, 2024
In 2022, the median sale price for a single-family home in the US was 5.6 times higher than the median household income, higher than at any point on record dating back to the…
The number of cost-burdened households in the US rose dramatically during the pandemic and in 2022 reached levels not seen since 2011, according to our analysis of recently-…
After home prices fell during the latter half of 2022 and markets across the country cooled, prices have been increasing nationally in 2023. Indeed, according to our analysis…
In the years immediately following the First World War, economists in industry, government, and academia came to perceive data as the antidote to the interrelated crises…