The 2007-2023 period's lack of housing supply shortage recovery was not about Fed policy but about three factors: supply constraint from GFC hangover, post-COVID supply demand shock (people moving out of cities), and structural building constraints. Fed funds rate is almost irrelevant to total housing supply.

causalpending

Speaker

Mark Da

Evidence Quote

it was less about interest rates than more about people get me out of the city

Source

The Crisis In Monetary Policy: It Doesn't Matter That Much | Mark DowForward Guidance
Created: 8/11/2026, 1:22:08 AM

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