Data and Code for: [Constraints on City and Neighborhood Growth: The Central Role of Housing Supply]
Principal Investigator(s): View help for Principal Investigator(s) Nathaniel Baum-Snow, University of Toronto
Version: View help for Version V1
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| sourcedata | 03/31/2023 09:23:PM | ||
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application/vnd.openxmlformats-officedocument.wordprocessingml.document | 63.2 KB | 04/01/2023 01:32:PM |
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application/pdf | 278.6 KB | 04/01/2023 01:34:PM |
Project Citation:
Baum-Snow, Nathaniel. Data and Code for: [Constraints on City and Neighborhood Growth: The Central Role of Housing Supply]. Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-04-19. https://doi.org/10.3886/E185504V1
Project Description
Summary:
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Paper Abstract: The US urban population increased by almost 50 percent between 1980 and 2020, with this growth heavily concentrated in the Sun Belt and at the fringes of metropolitan areas. This paper considers the role of housing supply in shaping the growth of cities and neighborhoods. Housing supply constraints have meant that demand growth has increasingly manifested as price growth rather than as increases in housing units or population in larger and denser metropolitan areas and neighborhoods. New housing is provided at increasingly higher cost in areas that have higher intensity of existing development and more restrictive regulatory environments. Both forces have strengthened over time, making quantity supplied less responsive to growing demand, driving housing price growth in many areas, and pushing housing quantity growth further out into urban fringes. As a result of such pressures on the cost of new construction, the US has recently experienced more rapid price growth and a declining influence of new construction on the housing stock.
Scope of Project
JEL Classification:
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R14 Land Use Patterns
R31 Housing Supply and Markets
R14 Land Use Patterns
R31 Housing Supply and Markets
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