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This paper shows how different housing submarkets are linked by residential vacancy chains – the series of moves across housing units initiated by the construction of new…

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…

Manufactured housing holds promise as an affordable form of housing that could expand homeownership opportunities for low- and moderate-income households at a time when house…

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…

However defined, rural areas in the US face significant and unique economic and housing challenges. Yet there is no standard definition of rural used in federal policy and no…

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…

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…