The Housing Supply Puzzle: Part 3, Price Gaps

2 Pages Posted: 13 Jun 2018

See all articles by Evan Karson

Evan Karson

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Joseph McGillicuddy

Federal Reserve Banks - Federal Reserve Bank of St. Louis

B. Ravikumar

Federal Reserve Bank of Saint Louis

Date Written: 2018

Abstract

In Part 1 ("Divergent Markets") of this series, we argue that the recent divergence in housing supplies likely signals a decline in inventories of lower- and middle-tier homes nationwide. Part 2 ("Rental Demand") discusses the role that rental-market developments have played in exacerbating this shortage. In this third and final essay, we document another trend that might have contributed to the scarcity of lower- and middle-tier homes: the widening price gaps between different housing tiers.

Suggested Citation

Karson, Evan and McGillicuddy, Joseph and Ravikumar, B., The Housing Supply Puzzle: Part 3, Price Gaps (2018). Economic Synopses, Issue 11, pp. 1-2, 2018. Available at SSRN: https://ssrn.com/abstract=3194979

Evan Karson (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Joseph McGillicuddy

Federal Reserve Banks - Federal Reserve Bank of St. Louis

411 Locust St
Saint Louis, MO 63011
United States

B. Ravikumar

Federal Reserve Bank of Saint Louis ( email )

411 Locust St
Saint Louis, MO 63011
United States

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