Housing America

Building Out of a Crisis

Published by Independent Institute
Distributed by Simon & Schuster

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About the Book

About seventy percent of American families own their own homes, and for many their houses represent the bulk of their net worth. As is evident by the cascading mortgage market meltdown, housing policy affects not only the quality of community life but also the economic well-being of entire nations.

Although most housing in the United States is allocated in the private market, this market is heavily regulated and subsidized, with government policies dictating whether people can build, what type of housing is permitted, the terms of financing arrangements, and much more. Could government’s pervasive involvement be related to the very real problems of affordability, availability, mortgage defaults, and more? If so, the appropriate response would be to reduce, not increase, government involvement. In reassessing existing policies, Housing America is the most comprehensive and authoritative book available on resolving the current crisis.

Product Details

  • Publisher: Independent Institute (November 3, 2026)
  • Length: 398 pages
  • ISBN13: 9781598134551

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Raves and Reviews

"We are now living in the post-2007 economic train wreck, an event that will be studied and debated for years, and the very best place for everyone to start is the milestone book, Housing America."

– Peter Gordon, Professor of Policy, Planning and Development, Univ. of Southern California

"In Housing America, Holcombe and Powell have assembled the work of the most insightful and interesting minds in the field. Several chapters, especially that by Lawrence J. White, illuminate the causes of the current housing crisis, and the others offer provocative and highly useful analyses."

– William A. Fischel, Professor of Economics, Dartmouth College

"Holcombe and Powell have assembled a terrific line-up of scholars to address an issue of fundamental importance. Housing America provides a wide-ranging and well-researched look at almost every aspect of the housing market and . . . is irreplaceable in thinking about how to reform government policy in the United States."

– Steven G. Horwitz, Professor of Economics, St. Lawrence University

"Housing America is a welcome book by skeptics of government interventions in housing markets. The volume is an important counterweight to the writings of those who urge ever greater state involvement."

– Robert C. Ellickson, Walter E. Meyer Professor of Property and Urban Law, Yale University

"Holcombe and Powell have compiled a timely collection of essays on the U.S. housing market. . . . This superb book would provide an outstanding guide for a graduate seminar on housing economics."

– G. Donald Jud, Professor Emeritus of Economics, University of North Carolina, Greensboro

"Housing America is a comprehensive book that analyzes the contemporary U.S. housing market. . . . The authors include distinguished economists and other policy experts who correctly point to government policies as the causes of existing housing problems. The book reflects the appropriate view that the need is for less, not more, government intervention in housing markets. Housing America will be of great value on housing issues for all readers, including scholars and instructors."

– Edwin S. Mills, Professor of Real Estate and Finance Emeritus, Northwestern University

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