The long under-development of home construction in the U.S.—both individual homes and multifamily—started after the global financial crisis and domestic housing crash. And it’s overly easy to leave the analysis there.

But a new paper from Federal Reserve Bank of Kansas City senior economist Jordan Rappaport points out that another enormous factor has been commuting time. The pandemic resulted in, among other things, a shakeup of perceptions about commuting. The ultimate effect could be an almost doubling of single-family home construction.

Erik Sherman


GlobeSt. Multifamily Fall 2023Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.