Showing 1 - 10 of 1,112
The study estimates the housing supply elasticity and the impact of geographic constraints in Germany from 2008 …-2019 using the Bartik instrument. The results show that the housing supply is, on average, inelastic, with a floorspace … housing supply elasticity across districts. Notably, high development intensity decreases the elasticity, while the …
Persistent link: https://www.econbiz.de/10014228596
I estimate the impact of market-rate new housing supply on the local rent distribution. As an exogenous shifter of new … housing supply, I exploit local weather shocks during the construction phase that lead to temporary delays in housing … new housing supply shift the rent distribution as a whole, suggesting that market-rate new housing supply effectively …
Persistent link: https://www.econbiz.de/10012426635
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 …
Persistent link: https://www.econbiz.de/10011488306
Persistent link: https://www.econbiz.de/10011293613
has been weak. Using data for 254 US metropolitan areas, we show that housing supply elasticities have fallen markedly in … recent recovery than the previous boom. At the same time, building permits respond less. Finally, we find that housing supply …
Persistent link: https://www.econbiz.de/10012843886
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 …
Persistent link: https://www.econbiz.de/10011992859
effects of housing supply conditions throughout a metropolitan area. New units draw residents with higher incomes from the … areas. Inelastic housing supply causes price/income ratios to rise more in ZIP codes where incomes are low, and this pattern … can be used as a real-time estimate ofregional supply constraints.Where the existing housing stock is filtering upward to …
Persistent link: https://www.econbiz.de/10014237989
This paper employs panel data on 413 counties and cities over 2004-2009 to investigate the local supply of new single …
Persistent link: https://www.econbiz.de/10011517966
Persistent link: https://www.econbiz.de/10008660669
contributing to this shortage: rental demand …
Persistent link: https://www.econbiz.de/10012916875