Erdmann Housing Tracker

Erdmann Housing Tracker

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February 2026

Hovnanian 1Q 2026 Earnings
I have made some speculative comments about a turn in the housing market in some recent posts. Hovnanian’s earnings report today put those speculations…
 • Kevin Erdmann
Home construction leading the almost recession recovery
I’m going to go out on a limb here, and I’m posting this just before Hovnanian gives us a taste of home sale trends through January with their 1st…
 • Kevin Erdmann
January 2026 Erdmann Housing Tracker
Inflation that excludes rent (It currently should.) is now a full 3 1/2 years into hewing very closely to a 2% trend.
 • Kevin Erdmann
December 2025 Residential Home Sales
The Census Bureau has now updated residential home sales estimates through December.
 • Kevin Erdmann
December 2025 Residential Construction
Below the paywall are the newly updated Census estimates of residential construction activity.
 • Kevin Erdmann
A "Shortage" or "Crisis" versus Regular Scarcity: Part 2
In part 1, I introduced a figure from Aziz Sunderji showing how much rent/income ratios vary at any given time across incomes, and how stable they are…
 • Kevin Erdmann
A "Shortage" or "Crisis" versus Regular Scarcity: Part 1
Aziz Sunderji at Home Economics has an interesting new post about housing affordability.
 • Kevin Erdmann
Do you ever wonder? Podcast
Mike Haltman had me on his Do You Ever Wonder podcast, and I think we covered a lot of the basics of the 21st century housing market in under an hour.
 • Kevin Erdmann
Federal YIMBYs?
Some interesting stuff seems to be going on at the federal government.
 • Kevin Erdmann
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