Previous studies suggest that market forces and the strategic behavior of local governments regarding land development jointly contribute to rapid urban expansion in China. In underdeveloped small cities in Western China, the market is weak, and local governments lack the conditions required to...

This paperinvestigates the duration of housing construction projects in the Netherlands. We utilize comprehensive data from the Dutch Land Registry for the period 2013-2022 to investigate the importance of municipal land ownership, building plot price changes, construction costs, development...

The current trend of rapid urbanization in the global south is overwhelmed by an ever‐increasing demand for land. This indeed has been exerting an objectionable pressure over peri‐urban land located immediately outside of urban territories. This challenge is more severe in developing...

The book uses the two key findings of the extant literature-the need to empower urban local governments and to employ a variety of local revenue sources-to advance the field of local government finance by studying an important fee-based revenue source - development charges. It begins by...

Urban structures and urban growth rates are highly persistent. This has far-reaching implications for the optimal size and timing of new construction. We prove that rational developers postpone construction not because prospects are gloomy, but because they are bright. The slow mean reversion in...

This paper presents a model of a housing market with a fixed supply of land available for future development. Building density and the rate of land development are both endogenous. Competition amongst atomistic landowners leads to welfare-maximizing development policies. However, a monopolist...

How have house prices evolved over the long-run? This paper presents annual house prices for 14 advanced economies since 1870. Based on extensive data collection, we show that real house prices stayed constant from the 19th to the mid-20th century, but rose strongly during the second half of the...

Despite its theoretical merits, Land Value Taxation (LVT) is not a common policy instrument in most countries. One of the main reasons is uncertainty regarding its distributional impacts. This uncertainty has not been settled by the literature, due to a lack of appropriate data at the household...

In this paper, we analyze several local referendums on land development and land-use regulation in the City of Erlangen (Germany) in the period between 2011 and 2018. To identify the positive influence of the travel distance on approval for the development of land, we employ a two-way...

Transferable Development Rights (TDRs) were supposed to be a solution to the intractable problems of land use, a bit of institutional design magic that married the interests of development and preservation at no cost to taxpayers and with no legal risk. Under a TDR program, development is...

We study and model the determinants of exposure at default (EAD) for large U.S. construction and land development loans from 2010 to 2017. EAD is an important component of credit risk, and commercial real estate (CRE) construction loans are more risky than income producing loans. This is the...

Land development belongs with climate change in the category of "super-wicked" environmental problems - that is, problems of extreme complexity that seem almost impossible to solve. Yet, to date, land development has not been granted that status in law and policy literature. Rather, scholars...

Housing rents and home prices in many areas of the nation, including Florida, have increased much faster than the cost of construction since the 1990s, squeezing the household budgets of middle- and lower-income families. In this study we examine local impact fees and land-use regulations in...

The phenomenon of agricultural land conversion in Namlea subdistrict becomes a problem when the number of productive land is increasingly reduced and affects land availability for agricultural production. Research was conducted to describe the conversion of agricultural land and its utilization...

In this paper, we analyze several local referendums on land development and land-use regulation in the City of Erlangen (Germany) in the period between 2011 and 2018. To identify the positive influence of the travel distance on approval for the development of land, we employ a two-way...

Despite its theoretical merits, Land Value Taxation (LVT) is not a common policy instrument in most countries. One of the main reasons is uncertainty regarding its distributional impacts. This uncertainty has not been settled by the literature, due to a lack of appropriate data at the household...

BIM and emerging technologies -- Built environment -- Construction waste management -- CSR and industry governance -- Green building -- Housing price and policy -- Innovation of construction management theory and practice -- Land use and transportation -- New construction technology and...

"A large percentage (92.8 percent) of waqf lands in Malaysia are undeveloped due to inefficiency of waqf management and financing by the state Islamic Religious Councils (henceforth referred to as the councils) that function as waqf trustees responsible for generating income from the current...

The owners of undeveloped urban land are often blamed for restricting housing supply and thereby driving up house prices in the face of increasing demand. This paper shows how greater intra-city variation in amenity values reduces competition between developers and makes delaying development...

How have house prices evolved in the long-run? This paper presents annual house price indices for 14 advanced economies since 1870. Based on extensive data collection, we are able to show for the first time that house prices in most industrial economies stayed constant in real terms from the...