Aastveit, Knut Are; Albuquerque, Bruno; Anundsen, … - 2019
has been weak. Using data for 254 US metropolitan areas, we show that housing supply elasticities have fallen markedly in … recent years. Housing supply elasticities have declined more in areas where land-use regulation has tightened the most, and … in areas that experienced the sharpest housing busts. A lowering of the housing supply elasticity implies a strengthened …
