California and many urban areas nationwide face a housing affordability crisis. New housing production has chronically failed to meet housing needs, causing housing prices to escalate. Faced with demands to [...]
This report analyzes the old proposed General Plan Update and the Economic Impact Analysis (EIA) conducted by Applied Development Economics, Inc. We find that the economic analysis for the county [...]
This paper analyzes the effect of regulation governing land use and residential construction upon the course of housing prices in California. We explore the linkage between regulation and housing prices [...]
Since 1950, housing prices have risen regularly by almost two percent per year. Between 1950 and 1970, this increase reflects rising housing quality and construction costs. Since 1970, this increase [...]
Housing has long been one of the staples of American society and the United States’ economic prowess has afforded its citizens an abundance of safe and decent housing. The national [...]
Differences in the supply of housing generate substantial variation in housing prices across the United States. Because housing prices influence migration, the elasticity of housing supply also has an important [...]
In Manhattan and elsewhere, housing prices have soared over the 1990s. Rising incomes, lower interest rates, and other factors can explain the demand side of this increase, but some sluggishness [...]
Over the past 30 years, the share of adult populations with college degrees increased more in cities with higher initial schooling levels than in initially less educated places. This tendency [...]
Cities are physical structures, but the modern literature on urban economic development rarely acknowledges that fact. The elasticity of housing supply helps determine the extent to which increases in productivity [...]
In the United States, growth regulations aimed at environmental protection and better-quality urban areas have become very popular since the 1960s. Although many studies have examined the housing-price effects of [...]