منابع مشابه
Housing market adjustment and land - supply constraints
Significant differences exist between national, regional, and local housing markets in the extent to which land is available for new housing development and in the planning regime which regulates the supply of land. The author examines the impact of different levels and forms of planning restraint on the process of market adjustment, including effects on house and land prices, on quantity of ne...
متن کاملHousing, Land Prices, and Growth
We consider the effects of land for housing on the growth process within an overlapping generations model. Our original interest was to enquire whether the introduction of land into a growth model might account for a “virtuous” circle in which saving-up for land (or housing) generates growth and higher land prices, generating further increases in saving, and so on. Such an account is sometimes ...
متن کاملwww.econstor.eu House Prices, Housing Development Costs, and the Supply of New Single-Family Housing in German Counties and Cities
This paper employs panel data on 413 German counties and cities from 2004 to 2009 to investigate the supply of new single-family housing in local housing markets. New local housing supply is measured by the annual number of construction permits in relation to the existing single-family housing stock. This supply indicator is econometrically related to existing home prices and new housing develo...
متن کاملStock Prices, Regional Housing Prices, and Aggregate Technology Shocks
The correlation between stock and housing prices, which is critical for household asset allocations, varies widely by metropolitan area and country. A general equilibrium model demonstrates that an aggregate positive technology shock increases stock prices and housing demand but can decrease housing prices where land supply is elastic because stable future rents are discounted at higher interes...
متن کاملThe impacts of restricting housing supply on house prices and affordability
The Department for Communities and Local Government is publishing the report in the interests of transparency. The views expressed are those of the authors and do not necessarily reflect the view or proposed policies of the Department for Communities and Local Government. Copyright in the typographical arrangement rests with the Crown. This publication, excluding logos, may be reproduced free o...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2008
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2007.07.019