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Working Papers

Comparison of the Costs of Manufactured and Site-Built Housing

Chris Herbert, Chadwick Reed, James Shen • July 10, 2023

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…
Working Papers

Option Value and Storefront Vacancy in New York City

Erica Moszkowski, Daniel Stackman • April 12, 2023

Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…
Blog

The State of US Housing: A Roller Coaster Ride

Chris Herbert • February 21, 2023

Last week I was invited to testify by the Senate Banking, Housing, and Urban Affairs Committee in its first hearing of the new Congress on “The State of Housing 2023.” I…