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…
May 7, 2025
Displacement by Design: How Bad Policy Made Housing Scarce, and How We Can Fix It
Musical chairs is one of the first games we play as children. The rules are simple: there are fewer chairs than players. When the music stops, someone ends up standing. Not necessarily because they weren’t fast enough—but because the game was designed for someone to lose. Now imagine blaming the child for losing. We question…
April 19, 2025
Asylum Seekers and the Rise in Homelessness
Abstract Data from the Department of Housing and Urban Development (HUD) indicate an unprecedented 43 percent increase in the number of people residing in homeless shelters in the United States between 2022 and 2024, reversing the gradual decline over the preceding sixteen years. Three-quarters of this rise was concentrated in four localities – New York…
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 24, 2025
Tax Abatements: The Best-Kept Secret to Revitalizing Struggling Communities—Without Spending Taxpayer Money
A well-designed property tax abatement program can dramatically shift project economics by temporarily reducing tax burdens, making new housing development financially viable—without requiring government subsidies. Philadelphia’s 10-year tax abatement is a powerful example: a simple policy that helped reverse decades of decline by unlocking private investment and spurring the construction of tens of thousands of…
March 20, 2025
Homesteading 2.0: A Proposal to Make Housing Affordable Again
Across the Western US, rising home prices are slowing economic growth and stripping first-time homebuyers and middle-class families of homeownership opportunities. Commonsense, market-driven solutions to expand the housing supply are urgently needed. The Homesteading 2.0 proposal is one such approach. By unlocking 0.3 percent (850 square miles) of Bureau of Land Management land, the West…
March 18, 2025
Low-Rise Multifamily and Housing Supply: A Case Study of Seattle
Abstract We provide an in-depth case study of land use reforms in Seattle to highlight how redevelopment of aging single-family housing to townhomes can lead to a significant increase in market-rate housing that promotes affordability. The key is to allow market forces to use by-right zoning to drive small-scale development, when also supported by clear…
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…
March 13, 2025
Housing Roadblocks: Paving a New Way to Address Affordability
Thank you, Chairman Scott and ranking member Warren. Thank you, committee members. I am gratefuland honored to have the opportunity to speak to you today. I am an economist who has spent much of the last quarter-century studying what has gone wrong withAmerica’s housing markets. Initially, I worried mainly about the high costs and limited…