White on Housing Policy in America

Lawrence White (NYU - Econ) has posted Housing, Housing Policy, and Housing Finance: Time for a Re-Assessment (Milken Institute Review) on SSRN.  Here's the abstract:

Although the topic of housing – housing prices, housing policy, housing finance – has largely fallen by the wayside as a “hot” news item, these issues remain largely unresolved. This paper reviews the recent history of housing finance and housing policy, examines the realistic policy choices, and offers some recommendations.