The Wall Street Journal implies a take on the U.S. economy that might make some urbanists uncomfortable: more single-family construction is necessary for a full economic recovery.
Kris Hudson and Nick Timiraos pen a speculative post for the Wall Street Journal that explores the effect of the U.S. housing market on the country's economy, especially given what the article describes as sluggish construction of single-family homes. The rhetorical question that frames the article: "The U.S. housing market dragged the economy into a deep recession nearly eight years ago. Could it now insulate the domestic expansion during a fragile period of global growth?"
"The problem: Housing still isn’t contributing much to overall economic growth because new construction of single-family homes, which packs an outsize economic punch, is stuck near levels hit during the early 1990s recession."
The article goes on to explore details of the market's current reality, and its relationship the realities of the larger economy.
FULL STORY: Why a Stronger Housing Sector Isn’t Boosting the U.S. Economy That Much
Single-Family Home Prices Cool, Rents Continue to Rise
Despite a slowdown in the single-family market, record-high rents show no signs of dropping.
Local, State Governments Creating Obstacles for Institutional Investors on the Housing Market
Large Wall Street investors are increasing their footprint in the housing market, like they did after the Great Recession, and some local and state governments are inventing new ways to prevent these institutional investors from cornering the market.
Single-Family Homes Appearing Faster Than Any Year Since 2006
The housing construction market is responding to strong demand with a glut of new single-family homes.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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