In recent years in the United States, government regulation of the housing industry has increased dramatically. During the late 1960s and early 1970s, many communities became increasingly dissatisfied with the [...]
Both large bodies of water and local governments restrict the supply of urban land. In this paper we measure water's restriction on supply and test its effect on land price. [...]
This paper analyzes the effects of zoning and restrictive covenants on single-family housing prices in and around Houston, Texas. The calculation of a hedonic price index reveals that higher prices [...]
There is evidence that the implementation of the planning system creates 'scarcity rents' for land in different uses by acting as a constraint on land supply. This paper provides, for [...]
The developer must also comply with zoning requirements, which are generally designed to protect property values by excluding "undesirable" projects. The objections are legion. "The height limit has been exceeded," [...]
Local land use regulations have been justified on the ground that local governments are authorized to exercise police power to protect the public health, safety, and welfare of their residents [...]
The increasing use of impact fees represents a new trend in local fiscal policy which can have important effects on real estate markets. The ramifications for economic efficiency as well [...]
The problems of public housing and related subsidy programs are less the result of poor maintenance and design than a fundamental misunderstanding of the role which housing plays in social [...]
To inform metropolitan land use planning, this article reviews studies that examine the determinants of residential property values. The review suggests that property values provide a sensitive index of the [...]
Housing prices vary widely from market to market in the United States. The purpose of this study is to (1) construct new place‐to‐place indexes of the price of housing, using [...]