Geographic patterns of housing growth in the United States result from the interaction of demand, density, and regulatory institutions. This paper presents a model of urban redevelopment in which opportunity costs and regulatory hurdles hinder the occurrence, timing, and density of...

As regions across the United States are experiencing high and rising house prices, inclusionary zoning is increasing in popularity as a tool to increase the availability of affordable housing for households making less than their region's median income. However, when inclusionary zoning requires...

A growing body of literature has shown that innumerable discretionary choices of home buyers and sellers spread the effects of housing supply conditions throughout a metropolitan area. New units draw residents with higher incomes from the existing stock of housing, which leaves existing homes...