Tyler Cowen shared a link to a new paper that claimed, “Using a general demand-and-supply framework, we show that our findings imply that constrained housing supply is relatively unimportant in explaining differences in rising house prices among U.S.| kevinerdmann.substack.com
Figure 1 is from yesterday’s post. Here, I want to discuss in more detail the phases of price and rent trends.| kevinerdmann.substack.com
The chart in the previous post that I thought was funny was Figure 1.| kevinerdmann.substack.com
This was supposed to be a post about regional sales and construction trends, but I keep being re-convinced each time I do this that that the regional trends aren’t as useful as you would swear they must be.| kevinerdmann.substack.com
Boy, aren’t these exciting times for inflation updates?!| kevinerdmann.substack.com
In "Price is the Medium Through Which Housing Filters Up or Down" I walked through a description of the filtering process in an attempt to connect its existence in practice with the price and rent patterns that arise in its absence (or reversal).| kevinerdmann.substack.com
Building a properly supply-focused housing sector POV| kevinerdmann.substack.com
Building a properly supply-focused housing sector POV| kevinerdmann.substack.com
It's the rent! No, really!| kevinerdmann.substack.com
Building a properly supply-focused housing sector POV| kevinerdmann.substack.com
In previous posts, I have disaggregated American residential real estate value into various components.| kevinerdmann.substack.com
The other day, my Mercatus colleague Salim Furth tweeted:| kevinerdmann.substack.com
Inadequate supply (even "luxury" supply) hurts poor families. Full Stop.| kevinerdmann.substack.com
Post GFC: Under-priced and under-produced housing| kevinerdmann.substack.com
Pre-GFC: Local Obstructions| kevinerdmann.substack.com
Previously, I posted that supply changes are slow moving and demand changes can be fast moving.| kevinerdmann.substack.com
In this post, I want to continue the discussion of the effect of new housing supply on residential property values at a more macro level.| kevinerdmann.substack.com
In this month’s update, I want to start out with a discussion of home prices and home sizes.| kevinerdmann.substack.com
The First of a Series of Papers at Mercatus| kevinerdmann.substack.com
Deflating real home price indexes with rents, locally| kevinerdmann.substack.com
I’ll begin, as last month, with a review of recent rent trends.| kevinerdmann.substack.com
There seems to be a developing consensus that transitory inflation was a myth that was proven wrong because (1) inflation was high for longer than anticipated, (2) it led to a permanent rise in the price level, and (3) it took rate hikes to bring it down.| kevinerdmann.substack.com
This is a less complicated post than I usually write.| kevinerdmann.substack.com
