Existing studies of the relationship between housing price dynamics and housing supply—which have relied upon questionable proxies for supply elasticity—have yielded highly mixed results. In this paper we provide new evidence on this relationship based on actual estimates of the price...

Comprehensive land-use planning is growing in popularity among U.S. state and local policymakers. This popularity is based on the belief that planning enhances community welfare; however, there is little empirical evidence in support of this belief based upon U.S. data. This paper uses unique...