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Kevin Erdmann

What Kevin Erdmann thinks about housing

@kevin-erdmann · 18 positions · On ppll ↗

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.

We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.

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Only Kevin Erdmann on housing. See everyone on housing

8 dated positions, 2026, in their own words. Our reading of what Kevin Erdmann has said — not written or endorsed by them.

  1. Our readingPotato neighborhoods, which are purpose-built, dense, low-income housing, must be purpose-built rather than arriving through filtering.

    Their wordsPotato neighborhoods are universally banned. Neighborhoods don't filter into being potato neighborhoods. They must be purpose-built.

    ↗Erdmann Housing Trackerkevinerdmann.substack.com 3rd of 3 in this piece

  2. 13 days earlier

  3. Our readingDownward filtering is a prerequisite for any housing affordability strategy.

    Their wordsI would add that downward filtering is a prerequisite to any affordability strategy, and it can't really happen without adequate market rate housing.

    ↗Erdmann Housing Trackerkevinerdmann.substack.com 1st of 3 in this piece

  5. Our readingMarket-rate housing of any type is the most effective way to eliminate land scarcity premiums.

    Their wordsThe most effective way to get rid of the scarcity premium is market rate housing of any type that developers want to build.

    ↗Erdmann Housing Trackerkevinerdmann.substack.com 3rd of 3 in this piece

  6. 1 day earlier

  7. Our readingThe Federal Reserve's belief in a housing oversupply in 2008 contributed to the severity of the economic crisis.

    interest rates

    Their wordsThere was a uniform benchmarking to crisis, and the hallucination about housing oversupply was the master key that opened the door for it.

    ↗Erdmann Housing Trackerkevinerdmann.substack.com 2nd of 3 in this piece

  9. Our readingThe current housing crisis and the difficulty of achieving Strong Towns' goals are results of the 2008 financial collapse and subsequent policy choices.

    Their wordsThe collapse in finance and development markets that now make Strong Towns' goals hard to achieve wouldn't have happened.

    ↗Erdmann Housing Trackerkevinerdmann.substack.com 3rd of 3 in this piece

  10. 2 weeks earlier

  11. Our readingThe near doubling of the American housing price/income ratio is caused by a supply shortage.

    disciplineAmerica

    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

  13. Our readingFamilies tend to have inelastic demand for trading down to lower-quality housing.

    Their wordsFamilies tend to have relatively unitary demand elasticity for trading up. (They will scale housing expenses with their income.) But, they tend to have very inelastic demand for trading down.

    ↗Erdmann Housing Trackerkevinerdmann.substack.com 2nd of 3 in this piece

  15. Our readingGrowth in Arizona and Florida will eventually rise back above 2% permanently.

    Their wordsI think growth will rise back up above 2%, permanently in Arizona and Florida, but under current mortgage standards, it will have to involve growth in rental housing.

    ↗Erdmann Housing Trackerkevinerdmann.substack.com 3rd of 3 in this piece