We report supply elasticity estimates of residential property (houses and apartments) for Local Government Areas (LGAs …) in metropolitan Sydney. Using annual data for 1991-2012, the average supply elasticity estimate across all LGAs is 0 ….2 for houses and 0.8 for apartments. The supply of houses is inelastic in all 43 LGAs; in contrast apartment supply is …

The long-term price elasticity of supply of housing is a key factor determining the growth rates of housing prices and … housing supply as the city grows. Therefore, the housing supply elasticity has considerable influence on the competitiveness … regional variation in the supply elasticity of housing within the U.S. The literature further shows that the supply elasticity …

Although the volatility of house prices is often ascribed to demand-side factors, constraints on housing supply have … the volatility of house prices and the regulation of new housing supply. I then employ a dynamic structural model of … housing investment to estimate the effect of supply constraints on both the level of new construction and the responsiveness …