I estimate the impact of market-rate new housing supply on the local rent distribution. As an exogenous shifter of new … new housing supply shift the rent distribution as a whole, suggesting that market-rate new housing supply effectively … housing supply, I exploit local weather shocks during the construction phase that lead to temporary delays in housing …

This paper defines a measure of net housing demand or supply which allows the calculation of a long, high frequency … implies a net oversupply. Supply is defined as the available dwelling stock. Demand is calculated from the long term trend in … series is easily and inexpensively replicable. We formulate this measure as excess demand. A negative excess demand figure …