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By combining fresh estimates of housing supply and prices with recent long-term projections for their fundamental drivers such as population, income and interest rates, this paper produces scenarios for residential investment and real house prices up to 2050. For half of the covered countries,...
Persistent link: https://www.econbiz.de/10012304426
The U.S. population is becoming increasingly urban and has gradually shifted to the south and west. Policy restrictions have played a role in preventing dynamic areas expanding, and when they do expand it can be through low-density housing sprawl. Land use restrictions and a sluggish housing...
Persistent link: https://www.econbiz.de/10012420890
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 by 0.2 percent, and increases disproportionately the...
Persistent link: https://www.econbiz.de/10014331119
Inferences about the determinants of land prices in urban areas are typically based on housing transactions, which combine payments for land and long-lived improvements. In contrast, we investigate directly the determinants of urban land prices within a metropolitan area – the San Francisco...
Persistent link: https://www.econbiz.de/10010777023
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 by 0.2 percent, and increases disproportionately the...
Persistent link: https://www.econbiz.de/10014282755
the loans made by homebuilders have lower delinquency rates than those made by unaffiliated lenders, even when loan and …
Persistent link: https://www.econbiz.de/10010778843
Before the 2009 crisis, the change in the economic environment in policies support housing sector and regulations implemented by the federal government in the years following, significantly changed the environment in which construction companies were operating housing, which directly affected...
Persistent link: https://www.econbiz.de/10010948937
We provide evidence that local preferences for neighborhood characteristics play an important role in shaping the political economy of residential land-use regulations and their distributional consequences. We leverage a land-use regulation reform in Houston, TX that reduced the minimum lot...
Persistent link: https://www.econbiz.de/10015214444
Under the assumption of perfect competition, it is difficult to avoid the conclusion that abandoned properties and long undeveloped neighborhoods remain that way because they are unprofitable. In contrast, this paper introduces a model in which firms systematically overlook neighborhoods with...
Persistent link: https://www.econbiz.de/10015224194
Agricultural land consolidation represents a complex of organizational, technical, economic, ecological and other legal measures requested by the rural community for the purpose of the most rational, efficient use and exploitation of land, as a whole and as a result, raising the living standard...
Persistent link: https://www.econbiz.de/10015049565