What Kevin Erdmann thinks about discipline
American housing economist; writes the Erdmann Housing Tracker newsletter on US housing supply, rents and prices. Author of Shut Out (2019) and Building from the Ground Up (2023), which argue a housing shortage caused the 2008 crisis; former visiting fellow at the Mercatus Center.
Kevin Erdmann did not write this page.
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1 dated position, 2026, in their own words. Our reading of what Kevin Erdmann has said — not written or endorsed by them.
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Our readingThe near doubling of the American housing price/income ratio is caused by a supply shortage.
Their wordsThe short version is that the near doubling (on average) of the price/income ratio of American housing is from a supply shortage. And, in fact, that's the only feasible cause of such a persistent price anomaly.
↗Erdmann Housing Trackerkevinerdmann.substack.com 1st of 3 in this piece