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…
Across the US, homeownership is becoming increasingly inaccessible for low- and moderate-income households. While land costs are a driving force in this trend, construction…
In the wake of the Great Recession, US monetary policy focused in large measure on purchases of mortgage-backed securities, with the goal of lowering mortgage rates. The…