in areas that experienced the sharpest housing busts. A lowering of the housing supply elasticity implies a strengthened … has been weak. Using data for 254 US metropolitan areas, we show that housing supply elasticities have fallen markedly in … recent years. Housing supply elasticities have declined more in areas where land-use regulation has tightened the most, and …

The study estimates the housing supply elasticity and the impact of geographic constraints in Germany from 2008 … housing supply elasticity across districts. Notably, high development intensity decreases the elasticity, while the … unavailability of land for development due to restrictive geography has no significant impact on the housing supply elasticity. The …

effects of housing supply conditions throughout a metropolitan area. New units draw residents with higher incomes from the … areas. Inelastic housing supply causes price/income ratios to rise more in ZIP codes where incomes are low, and this pattern … can be used as a real-time estimate ofregional supply constraints.Where the existing housing stock is filtering upward to …

unavailable for new housing development. Variation in supply elasticity for apartments across LGAs is unrelated to any of the …We report supply elasticity estimates of residential property (houses and apartments) for Local Government Areas (LGAs …) in metropolitan Sydney. Using annual data for 1991-2012, the average supply elasticity estimate across all LGAs is 0 …

price elasticity of housing supply … house prices and income varies significantly across locations, underscoring the importance of using estimation techniques …

during busts. The standard model of housing demand treats housing as a quantity of "housing services", an imaginary … housing services as fixed is able to do this. This is shown by means of a formal analysis of a model in which households that … differ in income are allocated over a given housing stock. In particular, the model predicts that the price of housing as a …

This paper employs panel data on 413 counties and cities over 2004-2009 to investigate the local supply of new single …-family housing in Germany. Construction activity in local housing markets (measured by new housing permits related to the local … housing stock) is modeled as a function of local home prices and new housing development costs, with the latter including …

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 …

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 …