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The long-term price elasticity of supply of housing is a key factor determining the growth rates of housing prices and … housing supply as the city grows. Therefore, the housing supply elasticity has considerable influence on the competitiveness … regional variation in the supply elasticity of housing within the U.S. The literature further shows that the supply elasticity …
Persistent link: https://www.econbiz.de/10011400162
Previous empirical investigations provide evidence of substantial regional variation in the supply elasticity of … housing, and show that the elasticity and its variation across cities within the U.S. are significantly influenced by … indicating that the supply elasticity is largely a local phenomenon, i.e., dependent mainly on city specific factors rather than …
Persistent link: https://www.econbiz.de/10012503045
, empirical work on housing supply outside the US is scarce. This paper considers various measures of housing supply in the …In spite of a growing recognition of the importance of supply conditions for the level and volatility of house prices …, and new housing construction in units, we derive time series of structure and location quality in a hedonic analysis. Each …
Persistent link: https://www.econbiz.de/10010325241
predominantly determined by regional housing supply and not by employment growth. Growth of the regional housing stock responds only …Why has job growth over the past decades been weaker in the Dutch Randstad area than in surrounding regions? In a … simultaneous equations analysis, we find that employment adjusts to the regional supply of labour. Net internal migration is …
Persistent link: https://www.econbiz.de/10010325709
housing supply problem and the extent to which proposed policies would solve it. However, previous studies understate the … supply and demand framework to estimate the full housing shortage in the United States. Using county-level data on land …Following popular discourse, we abuse economic terminology by defining the “housing shortage” in the United States as …
Persistent link: https://www.econbiz.de/10013351986
. To demonstrate the model's validity, we study policies advocated to reduce disparities: Do moving vouchers or housing … and wages. In contrast, our model shows that lower housing regulations in Vancouver can decrease the welfare gap between …-income cities becomes higher, reducing the incentive for low-wealth families to move precautionarily to locations with low housing …
Persistent link: https://www.econbiz.de/10014544583
Die Mietpreisbremse ist das zentrale wohnungsmarktpolitische Projekt der vergangenen Jahre. Umso größer war die Ernüchterung, als erste empirische Studien - auch des DIW Berlin - darauf hindeuteten, dass die Mietpreisbremse den Anstieg der Mieten insgesamt nicht spürbar verlangsamt. Dieses...
Persistent link: https://www.econbiz.de/10011801071
apartments from the long-term housing market, causing an in- crease in rents. Establishing and quantifying such a causal link is … Airbnb supply to assess the impact of Airbnb on rents in the city. Our results suggest that each nearby apartment on Airbnb …
Persistent link: https://www.econbiz.de/10012259642
Airbnb supply has a much larger impact on rents and long-term rental supply for the first reform. This is consistent with more … supply. …
Persistent link: https://www.econbiz.de/10012582152
stimulate an expansion of construction activity and make the housing supply more flexible. From a social policy point of view, a … ebenso wenig bewahrheitet wie die Hoffnungen, die Neuregelung könne den Zugang von GeringverdienerInnen zum Wohnungsmarkt … not materialized, neither have hopes that the new regulations would allow low earners an improved access to the housing …
Persistent link: https://www.econbiz.de/10011479903