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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 …
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Supply subsidies to owners of rental housing construction are typically aimed at increasing the overall size of the …
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for allocating less land for new construction. So higher vacancy rates tend to trigger tighter restrictions on the supply …
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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 … prices. The nature of supply obviously also influences local housing-market dynamics. Recent research has shown that …
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This paper estimates a dynamic microeconometric model of housing supply. The model features forward-looking landowners … construction occurs. Furthermore, results show that landowners actively "time"' the market, which reduces the elasticity of supply …
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