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May 27, 2025
The Surprising Role of Large Developers in Solving the Housing Crunch
Against the odds—and conventional wisdom—the nation’s largest home builders have engineered a dramatic shift toward serving first-time homebuyers (FTBs). New data from the AEI Housing Center show that in 2024, 51.2% of all new construction sales by the top 20 builders went to FTBs, up significantly from just 38.6% in 2014. This shift has occurred…
May 10, 2025
How Single Room Occupancies Could Be the Answer to NYC’s Housing Crisis
It was another local tragedy attracting passing notice before being overtaken for our attention by the latest stray bullet homicides and subway assaults. But those concerned with “affordable housing” have much to learn from the Easter morning deaths of three Queens residents and the displacement of perhaps a dozen others in a fire in an…
March 28, 2025
Unfreezing New York’s Projects
The imposing brick blocks covering much of the territory from West 16th to 27th Streets, between Ninth and Tenth Avenues in Manhattan’s Chelsea neighborhood, superficially have much in common with the rest of the city’s sprawling, dilapidated public housing system. From July 2023 to July 2024, the 2,070 apartments making up the Fulton & Elliott–Chelsea…
March 17, 2025
Trump Should Put an End to Rent Control
We are in a time when what would have seemed to be unimaginable domestic policy changes — from the abolition of the Department of Education to cutoffs of federal support for universities — are on the table. The Department of Housing and Urban Development is involved in this creative destruction — having pulled back a Biden-era program called Affirmatively Furthering Fair Housing, which tied federal assistance for…
February 28, 2025
Trump Stopped Biden’s Plan to Force DEI on Local Communities
The pullback from diversity, equity and inclusion programs — in government agencies and business — has focused on their impact at the individual level — on hiring, or college admission. But an under-the-radar initiative of the Biden administration’s Department of Housing and Urban Development planned DEI for communities across the country. It would do so through required “equity…
February 27, 2025
How Progressive Policy Distorted the Housing Market
For more than a century, American progressives have argued that the costs and conditions of American housing prove that the private market has failed. In the early twentieth century, the often-rough tenements of New York’s Lower East Side were deemed the work of rapacious “slumlords,” while small single-family or duplex homes that sprouted in cities…
February 7, 2025
Follow Elon Musk’s USAID Model to Free Tenants from Public-Housing Hell
The willingness of Elon Musk and his Department of Government Efficiency to take on sacred cows is stunning Washington, as tenets long unquestioned suddenly fall like idols destroyed by Abraham. The same creative destruction should be focused on a bad idea that has harmed cities and fostered dependency for nearly a century: public housing. Instead of tinkering…
January 21, 2025
Calling DOGE: HUD’s Costly Hunt for Answers the Market Already Has
The Department of Housing and Urban Development’s (HUD) new grant opportunity of $250,000–$500,000 for research on “Increasing Missing Middle Housing Supply” highlights yet another instance of government inefficiency and waste. While the country clearly needs more middle or light-touch density (LTD) housing, such as accessory dwelling units (ADUs), duplexes, and townhomes, the answers HUD seeks with the…
January 17, 2025
Regulations Keep Millions of Bedrooms Empty During a Housing Crisis
The U.S. is facing a housing affordability crisis, and new data from Realtor.com highlight an often missed contributing factor: millions of empty bedrooms. Census data reveal 31.8 million “excess” bedrooms in American homes—compared to just 4 million in 1970. Overregulation, particularly in zoning and local occupancy laws, is among the culprits. Realtor.com tries to put a positive…
December 29, 2024
Why Rent Regulation Remains So Hard to Undo in NYC
Few would argue that New York City is mired in a housing crisis — as defined by high prices and low vacancies. There’s good evidence for that conclusion. The most recent federal New York City Housing and Vacancy Survey reported a vacancy rate of just 1.4%, “a stark contrast to the 4.54 rate in 2021”. Over the same period,…