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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 …
Persistent link: https://www.econbiz.de/10012426635
supply shock is similarly strong in locations experiencing growing housing demand. Moreover, it affects the entire rent …I estimate the impact of new housing supply on the local rent distribution, exploiting delays in housing completions … caused by weather shocks during the construction phase. Increasing the flow of new supply by 1 percent lowers average rents …
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for the effects of zoning regulations on the supply of different types of housing, single-family-house prices, multifamily … multifamily housing-is the most fruitful policy reform for increasing the housing supply and reducing multifamily rents and single …
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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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This paper uses new household survey data to study expectation formation during the recent housing boom in Germany. The cross section of forecasts depends on only two household characteristics: location and tenure. The average household in a region responds to local conditions but underpredicts...
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