Monopolistic activity and corporate consolidation are driving up prices in many industries in the United States. Why wouldn't corporate consolidation be a major factor in driving up housing prices, like it is in so many other sectors? I am suspicious of journalists like Derek Thompson and Ezra Klein because their solutions seem to punch down on municipal governments and homeowners instead of punching up at our nation's corporate masters and elite class, who would be much more threatened by effective antitrust action against homebuilders than they would by a movement to deregulate zoning in cities. I am open to the idea that excessively restrictive zoning could be a part of the problem, maybe even a big part. But I am skeptical of anyone who wants to act like excessive regulation is the sole driver of skyrocketing housing prices. It doesn't hold water to me.
This opinion sets up corporate consolidation as the cause of all issue in the US. I don't think it makes sense for that to be the null hypothesis that needs to be disproven.
For this specific issue, homebuilding, and construction in general, are very regional businesses. There just aren't a few giant homebuilders controlling the industry across the nation.
There are certainly some antitrust issues with rentals, but they don't seem to be nearly as widespread as the housing issue in general.
I don't think the punching down vs up lense is a particularly effective way to analyz this issue. Nor do I think its easy to figure out who's "down" and who's "up".
From the article: a) there is not really monopolistic activity going on, and b) homes have a fierce second hand market which pushes down on this