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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 …
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housing-market fundamentals and supply and demand affect the functioning of this huge asset market …Research on housing supply has grown owing to improved data combined with heightened interest in policies such as local … land use regulations. Heterogeneity in supply conditions across markets is shown to be essential to understanding the …
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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 …
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