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Kenny Easwaran's avatar

This is really interesting to see! Someone linked me here from Matthew Yglesias's Substack.

I like the comparison of new housing construction to current population, but I think there might be some other things that are illuminated by comparing new housing construction to population growth. Someone noted that Austin has a high per capita housing construction rate, and said that this can't explain why housing prices are rising in Austin, but I compared it to Austin's growth rate (https://www.macrotrends.net/cities/22926/austin/population) and it looks like until 2020, Austin was always increasing its housing stock at a lower rate than it was increasing its population. If it's easy to do a systematic comparison of new housing construction to population growth, I bet that would reveal some interesting things (including why Minneapolis is permitting so many houses compared to other Midwestern cities, and why Pittsburgh and Philadelphia are so low).

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RabbiJacob's avatar

Wow this was great

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