Pedestrian Observations

There’s an article going around social media on Financial Times, by John Burn-Murdoch, making the case that slow housing growth, with consequent rises in rents, is a pan-Anglosphere phenomenon. A non-paywalled summary can be found on New York Magazine by Eric Levitz, reproducing the FT graphs showing changes in the number of housing units per capita in various developed countries, and making some general comments about Anglo culture. The problem with this analysis is that it’s completely false. As someone who did once err in an analysis of the Anglo problem of high construction costs – a problem that Britain did not have until the 1990s and Canada and Australia until the 2000s or even 2010s – let me throw some cold water on this Anglo NIMBY theory.

Housing construction rates per capita show no generic Anglosphere effect. The highest rates are in Austria, the Nordic countries and Canada, New Zealand, and Australia. Here are the numbers as far as I’ve been able to find, all expressed in dwelling completions per 1,000 people in 2021:

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