The Economic Impact of Restricting Housing Supply
This policy brief by Edward Glaeser, a professor of economics at Harvard University and director of the Rappaport Institute, was presented at the Federal Reserve Bank of Boston during the [...]
Regulation and Property Values: The High Cost of Monopoly
Housing prices are much higher in areas with more stringent regulation. Housing supply is much less responsive to economic incentives in areas with more stringent land use regulation. These analyses [...]
Addressing California’s Affordable Housing Shortage: Alternatives to Proposition 1C
The severe shortage of affordable housing in California threatens the state’s economic health and has placed the American Dream of homeownership out of reach for hundreds of thousands of families. [...]
Construction Costs and the Supply of Housing Structure
Construction costs account for the bulk of the price of new houses in most markets, but their study has been relatively neglected. We document that there are economically large differences [...]
The Rise of the Sunbelt
In the last 50 years, population and incomes have increased steadily throughout much of the Sunbelt. This paper assesses the relative contributions of rising productivity, rising demand for Southern amenities [...]
How Have Land-use Regulations Affected Property Values in Oregon?
This study examines the ways in which land-use regulations in general and Oregon’s land-use planning system in particular may affect property values. The study is focused on Oregon, but it [...]
Zoning as a Barrier to Multifamily Housing Development
Among our conclusions: It is possible to use zoning and housing trend data to gain insights into the effects of zoning on high density, multifamily housing development. In some jurisdictions, [...]
Impact of Environmental Regulatory Systems on Housing Affordability
By some projections, the United States will add 100 million people faster than any country on the planet except India. This translates into a net increase of about 40 million [...]
Do Growth Controls Work?: A New Assessment
This article presents a partial evaluation of local growth controls as applied in seven mid-size California cities: Camarillo, Livermore, Lodi, Red-lands, San Luis Obispo, Thousand Oaks, and Walnut Creek. Through [...]
The price of residential land in large US cities
Combining data from several sources, we build a database of home values, the cost of housing structures, and residential land values for 46 large US metropolitan areas from 1984 to [...]