The hottest Housing Substack posts right now

And their main takeaways
Category
Top U.S. Politics Topics

Five small signs of progress... and what Skegness can teach us about infrastructure

Odds and Ends of History • 402 implied HN points • 02 Jun 25
🇺🇸 U.S. Politics Infrastructure Government Industrial Policy Housing Public Opinion
  1. There are some good signs of progress in infrastructure, like the government's plans for new reservoirs.
  2. Old Oak Common station is making strides in construction, showing that big infrastructure projects can move forward.
  3. Skegness's history highlights the importance of good infrastructure for success and how current issues affect politics.

Homebuilder Earnings

Erdmann Housing Tracker • 63 implied HN points • 25 Feb 25
💰 Finance Housing Investments Economics Market Trends Real Estate
  1. Homebuilder earnings give insights into the health of the housing market. They can show how well builders are doing right now.
  2. Tracking these earnings can help predict future trends in home prices and availability. It’s important for buyers and investors to know what's happening in the market.
  3. Understanding homebuilder performance can help people make better decisions about buying or selling homes. It helps everyone stay informed.

How to buy a duplex (or triplex)

Supernuclear • 579 implied HN points • 07 Oct 24
💼 Business Real Estate Finance Investing Housing Law
  1. Buying a duplex or triplex can save you money compared to single-family homes. They are typically about 30% cheaper per square foot, making them an affordable option for many.
  2. Duplexes offer a blend of private space and the ability to live close to friends. You can enjoy your own area while still maintaining close connections with others.
  3. There are different ways to buy a duplex, each with its own financial and legal considerations. It's important to explore these options to find what works best for your situation.

Economics Links, 5/16/2025

In My Tribe • 364 implied HN points • 16 May 25
🇺🇸 U.S. Politics Economics Housing Spending Policy
  1. The China shock might not be as bad as people think; cheap imports could help U.S. manufacturers by lowering their costs and making them more competitive.
  2. In Los Angeles, strict zoning laws have made housing scarce. This has led to high home prices and an increase in homelessness, making it tough for many to afford a place to live.
  3. Republicans are facing challenges with the federal budget, especially with rising entitlement spending. It's hard to fix the deficit by just cutting other spending without reforming entitlements.
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The Battle of Barcelona

The Leap • 599 implied HN points • 29 Aug 24
🎭️ Culture Tourism Housing Gentrification Social Dynamics
  1. Barcelona is facing problems with too many tourists. Locals feel like their favorite spots are being taken over.
  2. The influx of tourists is driving up prices for housing in the city. This makes it harder for local people to find affordable places to live.
  3. Many once-quiet areas are now busy and noisy because of tourism. This change is affecting the lifestyle and culture of Barcelona's residents.

California Home Sales Down 1.9% YoY in January; 4th Look at Local Housing Markets

CalculatedRisk Newsletter • 38 implied HN points • 20 Feb 25
💰 Finance Housing Investment Market Trends Economic Indicators Real Estate
  1. California home sales fell by 1.9% in January compared to last year. This drop marks the first year-over-year decline in eight months.
  2. The median price for homes in California decreased from December but is still 6.3% higher than a year ago. This shows mixed signs in the housing market.
  3. Inventory of homes for sale increased significantly, up 27.4% year-over-year. More homes are available now, which could change the dynamics of the market.

What Homes Are Missing, again?

Erdmann Housing Tracker • 231 implied HN points • 03 Feb 25
💼 Business Housing Economics Data Analysis Market Trends Population Growth
  1. There is a significant shortage of homes in the U.S., estimated at around 15 million. This is due to various factors like vacancies and the rising number of adults per home.
  2. Vacancies have dropped over the years, and we might be short about 5 million vacant units needed to keep rent inflation stable.
  3. Population growth has slowed since 2008 and has likely affected housing demand, which adds pressure to the existing housing shortage.

What just happened in San Francisco politics?

Noahpinion • 14235 implied HN points • 13 Mar 24
🇺🇸 U.S. Politics Election Progressivism Public Safety Housing Education
  1. San Francisco politics saw 'moderate' victories, focusing on results-oriented progressivism over performative leftism.
  2. The election revealed that voters want progressivism with tangible outcomes, emphasizing public safety, education, and housing.
  3. Popular theories include billionaire influence, San Francisco's real progressive nature, and the city's demand for effective governance.

Why Japanese cities are such nice places to live

Noahpinion • 14353 implied HN points • 07 Mar 24
🎭️ Culture Urbanism Housing Society
  1. Japanese cities provide affordable living spaces, like tiny apartments, due to lower demand and a culture of building plentiful housing.
  2. Despite small living spaces, Japanese cities excel in dense, mixed-use urban planning, creating the sense of luxury and freedom for residents.
  3. YIMBY policies in American cities aim to allow construction of compact living spaces like those in Japan, but not to force people into them against their will.

Mass Timber is Great, but It Will Not Solve the Housing Shortage

Construction Physics • 13153 implied HN points • 13 Mar 24
💼 Business Construction Housing Costs Canada
  1. Mass timber construction is advantageous for tall buildings due to its fire resistance and carbon sequestration, but it may not significantly increase housing construction volume in the US compared to traditional methods.
  2. While mass timber is praised for its safety and environmental benefits, it faces challenges such as higher initial costs and more complex processing steps, making it less competitive than light-framed wood construction in the US.
  3. Canada's experience with mass timber, despite a supportive ecosystem, shows that residential mass timber construction may not see a significant uptick in the US housing market even with continued growth and cost reduction.

Britain's weird hate for air conditioning

Odds and Ends of History • 134 implied HN points • 19 May 25
🎭️ Culture History Society Politics Housing Urban planning
  1. Britain has a strange dislike for air conditioning, which affects how people stay cool in hot weather. It seems many prefer to tough it out rather than use AC.
  2. There are ongoing delays in UK projects like HS2, which is causing frustration for those hoping for improvements in transport. People are looking for better public transport options, especially buses.
  3. A recent report suggests building more homes and smaller living spaces could help with housing shortages. It also points out that more air conditioning might make these homes more comfortable.

2nd Look at Local Housing Markets in January

CalculatedRisk Newsletter • 43 implied HN points • 11 Feb 25
💰 Finance Real Estate Housing Market Trends Economic Analysis
  1. The report looks at various local housing markets across the US for January. It compares this year's data with data from January 2019.
  2. The analysis includes information about active listings, new listings, and closed sales in these markets.
  3. The newsletter encourages readers to subscribe for more detailed insights and data on the housing markets.

January 2025 Erdmann Housing Tracker Update and Inflation

Erdmann Housing Tracker • 21 implied HN points • 18 Feb 25
💰 Finance Housing Inflation Economic Trends Market Analysis Real Estate
  1. Home prices changed in the past two decades, with different local and national factors affecting these trends. This means that while prices may rise overall, local conditions can vary greatly.
  2. Recent inflation numbers showed a slight increase, but it's unclear if this is just a temporary change or part of a longer trend. It's important to watch these numbers closely for a clearer picture.
  3. When looking at inflation data, excluding shelter costs gives a better understanding of general price trends, which have generally stayed close to the target rate over time.

A Free Future

Bet On It • 105 implied HN points • 17 Jan 25
🇺🇸 U.S. Politics Immigration Housing Policy Futurism
  1. Open borders can lead to more opportunities and growth for everyone. Allowing people to move freely can benefit economies and societies.
  2. Housing deregulation can help make living more affordable. Reducing restrictions can lead to more homes being built and lower prices.
  3. The ideas of freedom and less regulation can lead to a better future. It's important to consider how these changes could positively impact society.

💸 Make America Expensive Again

UnfairNation by Ehsan Zaffar • 3 implied HN points • 18 Feb 25
🇺🇸 U.S. Politics Economy Tariffs Inflation Housing Consumer Goods
  1. Prices for many goods are expected to rise significantly in the next six months. This includes cars, energy, housing, and food.
  2. Tariffs are increasing costs for consumers, adding $250 to $420 more to monthly expenses, which is hard for many people to afford.
  3. Although tariffs promise to fund government services, cuts to staff and agencies may prevent taxpayers from seeing any real benefits.

Final Look at Local Housing Markets in December and a Look Ahead to January Sales

CalculatedRisk Newsletter • 52 implied HN points • 30 Jan 25
💰 Finance Housing Real Estate Market Trends Sales Data Inventory
  1. Existing home sales increased for three months in a row, but they are still much lower than before the pandemic. December's sales were about 21% below the average from 2017 to 2019.
  2. Inventory of homes for sale is rising sharply in regions like Florida and Texas, with a year-over-year increase of 17.5%. This suggests more options for buyers in those areas.
  3. There were more new listings in December compared to last year, but they are still at historically low levels. The increase in new listings may hint at some recovery in the housing market.

Concerns Brewing?

Spilled Coffee • 72 implied HN points • 15 Jan 25
💰 Finance Housing Mortgage Stock Market Labor Market Inflation
  1. Currently, housing is facing serious issues with high mortgage rates, making it a tough market for buyers. The demand for mortgages has dropped to its lowest level in over a decade.
  2. Home construction is slowing down, with builder inventories at a high level not seen since the 2008 housing bubble. This can have a big impact on the job market in construction.
  3. Worries are also rising in the stock market and labor market, indicating that many important sectors are feeling pressure right now.

America's Housing Rebound

The Overshoot • 1316 implied HN points • 20 Jan 24
💼 Business Housing Real Estate Construction Mortgage Rates Economic Growth
  1. Despite high mortgage rates, construction and renovation spending in the US housing market have been holding steady or accelerating.
  2. Housing sales and construction are greatly impacted by changes in monetary policy and credit availability.
  3. The rebound in house prices and construction reflects the broader growth and asset price acceleration in the US economy post-pandemic.

My 2nd-Favorite Book on Housing

Bet On It • 135 implied HN points • 10 Dec 24
📚 Literature Books Housing Policy Economics Science fiction
  1. The book 'Home Win' is a creative look at housing policy through science fiction, imagining how Britain could solve its housing crisis in the next decade.
  2. It points out that Britain has not been building enough houses, often due to restrictive planning laws that hamper development in comparison to other countries.
  3. The story highlights a shift in politics, where a pro-development movement called YIMBY (Yes In My Back Yard) gains traction, pushing back against NIMBY (Not In My Back Yard) attitudes and leading to more housing construction.

1st Look at Local Housing Markets in December

CalculatedRisk Newsletter • 52 implied HN points • 08 Jan 25
💰 Finance Housing Markets Sales Inventory Economics
  1. In December, closed home sales saw an 18.1% increase from the previous year, indicating a positive trend in some local markets.
  2. There was a significant jump in active housing inventory, up 27.2% compared to last year, with more homes available for buyers.
  3. New listings also grew by 11.8% year-over-year, but overall levels are still historically low compared to 2019.

2nd Look at Local Housing Markets in December

CalculatedRisk Newsletter • 43 implied HN points • 13 Jan 25
💰 Finance Housing Market Trends Real Estate Sales Data Inventory
  1. Home sales have been increasing for three months in a row compared to last year, which is a positive sign for the housing market.
  2. Inventory of homes for sale is up significantly, especially in southern states like Florida and Texas, meaning more choices for buyers.
  3. New listings are still low compared to past years, but they have increased recently, indicating some recovery in the market.

4th Look at Local Housing Markets in December

CalculatedRisk Newsletter • 28 implied HN points • 23 Jan 25
💰 Finance Housing Real Estate Market Trends Sales Data Inventory
  1. Some local housing markets are seeing quicker inventory recovery than sales, especially in states like Florida and Texas. This may lead to rising home prices.
  2. December is showing a year-over-year increase in home sales for the third month in a row. This trend might indicate a recovering housing market.
  3. Regional differences in the housing market are important to watch. Understanding these differences can help buyers and sellers make better decisions.

December 2024 Inflation

Erdmann Housing Tracker • 42 implied HN points • 15 Jan 25
💰 Finance Economics Investments Markets Inflation Housing
  1. December 2024 saw important updates about inflation. This is something people need to keep an eye on for their finances.
  2. There's a focus on housing data, which is crucial as it can greatly affect the economy and people's living situations.
  3. Subscribing to this housing tracker gives access to ongoing insights. This can help people stay informed about market changes.

When we lost our minds: Pt. 5 The Lessons Leamer Learned

Erdmann Housing Tracker • 105 implied HN points • 13 Dec 24
🇺🇸 U.S. Politics Economics Public Policy Housing Monetary Policy
  1. Housing is really important to the economy. It helps predict how the economy will do and often drives changes in it.
  2. The best time to step in and control the housing market is when construction is happening a lot and above normal levels. Waiting too long can cause problems.
  3. In areas like Los Angeles, even though people think there are too many homes, the reality is that many people are affected by rising rents and low construction rates.

3rd Look at Local Housing Markets in December

CalculatedRisk Newsletter • 28 implied HN points • 21 Jan 25
💰 Finance Housing Market Trends Sales Economics Investments
  1. California home sales increased by about 19.8% compared to last year in December. This shows a strong recovery in the housing market.
  2. The National Association of Realtors (NAR) expects the existing home sales report for December to reflect ongoing growth. This will mark the third month of year-over-year increases in home sales.
  3. There’s a general positive trend in the housing market after months of decline. It's a sign that more people are starting to buy homes again.

Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in November

CalculatedRisk Newsletter • 47 implied HN points • 31 Dec 24
💰 Finance Real Estate Housing Economics Investment Market Trends
  1. In November, both single-family and multi-family serious delinquency rates went up. This means more people are having trouble paying their housing bills.
  2. Freddie Mac reported that the single-family serious delinquency rate increased slightly to 0.56%. Even though it rose, it's still lower than pre-pandemic levels.
  3. The overall trend shows that while delinquency rates are increasing, they are still relatively low compared to before the pandemic hit.

NMHC on Apartments: "Looser market conditions for the tenth consecutive quarter"

CalculatedRisk Newsletter • 19 implied HN points • 22 Jan 25
💰 Finance Real Estate Market Trends Economics Investment Housing
  1. The apartment market has been getting looser for ten quarters in a row. This means there are more vacancies and less competition for renters.
  2. Signs show that rents might drop as apartment vacancies increase. If more places are empty, landlords may lower prices to attract renters.
  3. There is less activity in buying and selling apartments, and it's also harder to get financing. This could make it tough for investors in the real estate market.

November 2024 Residential Construction

Erdmann Housing Tracker • 63 implied HN points • 18 Dec 24
💰 Finance Housing Real Estate Mortgage Rates Construction Employment
  1. Mortgage rates are really important for the housing market. They can greatly affect both people's ability to buy homes and the rate of construction jobs.
  2. Tracking construction employment can give insights into the housing market trends. It’s a clear indicator of how the market is responding to interest rates.
  3. There are ongoing challenges in the housing market, and the data can sometimes seem tricky. It's like a game where understanding the numbers is key to navigating the situation.

Inflation Adjusted House Prices 1.3% Below 2022 Peak

CalculatedRisk Newsletter • 33 implied HN points • 03 Jan 25
💰 Finance Housing Inflation Real Estate Market Trends Economic Indicators
  1. Inflation-adjusted house prices are now 1.3% lower than their peak in 2022. This means homes cost less when you account for inflation.
  2. Real house prices, which consider the effects of inflation, are still quite high compared to the past. They are about 11% above the peak during the housing bubble in 2006.
  3. The price-to-rent ratio is also lower than its peak. This suggests that buying homes may be more favorable compared to renting right now.

What a Second Trump Term Might Mean for Disability Policy

Can We Still Govern? • 105 implied HN points • 03 Nov 24
🇺🇸 U.S. Politics Health care Education Housing Social Policy
  1. Project 2025 suggests changes that could make it harder for people with disabilities to get education and support. This may mean less help from federal programs that many rely on.
  2. The housing situation for disabled individuals could get worse. The plan wants to remove protections against housing discrimination without offering new solutions.
  3. Health care coverage for disabled people is at risk. Proposed changes could make it easier for insurance companies to deny coverage and make Medicaid harder to access.