This paper employs panel data on 413 counties and cities over 2004-2009 to investigate the local supply of new single …

This paper employs panel data on 413 German counties and cities from 2004 to 2009 to investigate the supply of new … single-family housing in local housing markets. New local housing supply is measured by the annual number of construction … permits in relation to the existing single-family housing stock. This supply indicator is econometrically related to existing …

In spite of a growing recognition of the importance of supply conditions for the level and volatility of house prices …, empirical work on housing supply outside the US is scarce. This paper considers various measures of housing supply in the …