Craig Carman

speaker

75 appearances 1 recordings 1 series first heard Jun 2026 last heard 26 Jun

Craig Carman’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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WSJ Your Money Briefing · The Housing Crisis: Your Biggest Questions, Answered · 26 Jun 2026 podcast

were falling out of favor, particularly in the Northeast and the Midwest.

There was no new building.

They were very, very minimal.

People were not seeing a lot of job growth and they were leaving for warmer climate and places where there was more job opportunities.

During the pandemic, when people were stuck at home, there was suddenly a housing boom in the suburbs, particularly suburbs of, say, New York City and New Jersey, Westchester County, New York, Connecticut.

And homes there were surging in price.

There was still no new supply because of not a lot of room and because

The NIMBY issue in the suburbs is very strong.

I think that NIMBY dilemma for the suburbs remains.

So there's still not going to be a lot of density out there.

The demand for suburban homes has cooled off a bit in recent years as more people are going back to the office.

So the idea of your hour and a half commute in each direction becomes less appealing.

But I haven't seen many suburbs that have sort of solved the issue of welcoming more housing.

I think a lot of developers would like to do is build an apartment tower with 100 or more units.

In a lot of these suburbs, even building a duplex, so a home for two different families living side by side in an area zoned for single-family housing, gets a lot of pushback.

So I don't think we're going to see much change in those dynamics anytime soon.

That's right.

I think the same issues echo when you go out from the suburbs to what is sometimes referred to as the exurbs, which is the area outside of the suburbs that are a little farther away from city downtowns, a little bit cheaper than the suburbs, a little bit easier to build because I think there's a lot more open space, but some of the same issues as you alluded to.

I would say in a word, yes.

I think mortgage rates are always a critical component to affordability, which is primarily a measure of home prices, incomes, and mortgage rates.

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