Erdmann Housing Tracker

Erdmann Housing Tracker

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August 2025

The Supply of Rental Homes
Another funny chart
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Kevin Erdmann
7
July 2025 Residential Sales
8 years of flat sales and rising inventories.
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Kevin Erdmann
2
Fertility and Home Prices
A recent paper quantified the effect of changing fertility on housing demand (via Arpit Gupta).
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Kevin Erdmann
Hovnanian 3rd Quarter 2025 Earnings
Well, I had high hopes for this report.
 • 
Kevin Erdmann
5
July 2025 Erdmann Housing Tracker and Inflation Update
This month, rent inflation as estimated with Zillow’s ZORI data continued to appear to settle into a trend somewhere between 1% and 2% and core…
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Kevin Erdmann
4
July 2025 Residential Construction
The Census Bureau updated the residential construction numbers this morning.
 • 
Kevin Erdmann
2
Future Housing Consumption
First, I should clarify a point I made in a previous post. This is a bit in the weeds and probably more of a nerd-out about the particulars of my model…
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Kevin Erdmann
5
Another Funny Chart
I saw this explanation of the power of large scale investors on Twitter:
 • 
Kevin Erdmann
1
Sources of Rising Prices
Figure 1 is from yesterday’s post. Here, I want to discuss in more detail the phases of price and rent trends.
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Kevin Erdmann
1
Conventional Wisdom, revisited
I happened to be looking at this Mian & Sufi paper from 2014, which is a stark reminder of the blindness of the economics academy coming out of the…
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Kevin Erdmann
3
How Much Do Supply & Demand Move Home Prices?
I estimate the post-2008 national shortage of homes to be roughly 15 to 20 million units.
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Kevin Erdmann
5
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