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More on Mortgage Affordability
In a recent post, I reviewed mortgage affordability. I argued that the front-loaded cash outlays of conventional mortgages are a relatively arbitrary…
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Kevin Erdmann
10
August 2023 Residential Construction
I think this month’s residential construction update might add to the trading opportunities for the discerning housing observer. Updates below the…
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Kevin Erdmann
3
August 2023 Erdmann Housing Tracker Update
I haven’t had much to say about the EHT updates the last couple of months. The California supply miracle that seemed to be emerging last autumn became…
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Kevin Erdmann
5
Inflation: Everyone is right.
Mike Konczal at the Roosevelt Institute has an interesting post up about the current causes of inflation. His analysis suggests that supply constraints…
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Kevin Erdmann
Why are homebuilder rate buydowns effective?
Here is a graphic from Ali Wolf, the chief economist at Zonda. The textbook way to clear a market is to change the price. So, there are two questions…
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Kevin Erdmann
5
Interest Rates Aren't The Problem
I will walk through why rents are what is making housing unaffordable, not interest rates. And, I might complain a bit at the end about how attribution…
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Kevin Erdmann
10
More on Hovnanian 3Q 2023 Earnings
As I reported in the previous post, Hovnanian posted another good earnings report that the market responded well to. Analysis is below the paywall.
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Kevin Erdmann
Erdmann Housing Tracker
Erdmann Housing Tracker
How housing costs got here and where they're going.

Erdmann Housing Tracker

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