The Impact of Zoning on Housing Affordability / Edward L. Glaeser, Joseph Gyourko.

By:

Glaeser, Edward L

Contributor(s):

Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w8835.Publication details: Cambridge, Mass. National Bureau of Economic Research 2002.Description: 1 online resource: illustrations (black and white)Subject(s):

R - Urban, Rural, Regional, Real Estate, and Transportation Economics

Online resources:

Available additional physical forms:

Hardcopy version available to institutional subscribers

Abstract: Does America face an affordable housing crisis and, if so, why? This paper argues that in much of America the price of housing is quite close to the marginal, physical costs of new construction. The price of housing is significantly higher than construction costs only in a limited number of areas, such as California and some eastern cities. In those areas, we argue that high prices have little to do with conventional models with a free market for land. Instead, our evidence suggests that zoning and other land use controls, play the dominant role in making housing expensive.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w8835 (Browse shelf(Opens below))	Not For Loan

Total holds: 0

Collection: Colección NBER Close shelf browser (Hides shelf browser)

Previous	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	Next
Previous	nber w8832 Cross-Country Inequality Trends /	nber w8833 Direct or Indirect Tax Instruments for Redistribution: Short-run versus Long-run /	nber w8834 Do Bilateral Tax Treaties Promote Foreign Direct Investment? /	nber w8835 The Impact of Zoning on Housing Affordability /	nber w8836 Exploring the Racial Gap in Infant Mortality Rates, 1920-1970 /	nber w8837 Economic and Financial Crises in Emerging Market Economies: Overview of Prevention and Management /	nber w8838 Dollarization: Analytical Issues /	Next

March 2002.

Does America face an affordable housing crisis and, if so, why? This paper argues that in much of America the price of housing is quite close to the marginal, physical costs of new construction. The price of housing is significantly higher than construction costs only in a limited number of areas, such as California and some eastern cities. In those areas, we argue that high prices have little to do with conventional models with a free market for land. Instead, our evidence suggests that zoning and other land use controls, play the dominant role in making housing expensive.