The volatility of the business cycle and an extreme shortage of housing were the twin problems of American economic life in the years following the First World War. Under the…
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…
Immigrants make up a growing share of the US population and by 2040 foreign-born households will constitute the primary source of new housing demand. However, little is known…
The United States foreign-born population has quadrupled since the 1960s. In 2021, one in seven US households were headed by a foreign-born resident. Around half of these…
Alexander Hermann, Thomas Shay Hill
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May 18, 2021
Home prices across the US rose significantly during the pandemic, bolstered by historically low interest rates, strong demand, and the tightest supply conditions seen in 40…