Regulation and Housing Supply

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (892 download)

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Book Synopsis Regulation and Housing Supply by : Joseph E. Gyourko

Download or read book Regulation and Housing Supply written by Joseph E. Gyourko and published by . This book was released on 2014 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: A wide array of local government regulations influences the amount, location, and shape of residential development. In this chapter, we review the literature on the causes and effects of this type of regulation. We begin with a discussion of how researchers measure regulation empirically, which highlights the variety of methods that are used to constrain development. Many theories have been developed to explain why regulation arises, including the role of homeowners in the local political process, the influence of historical density, and the fiscal and exclusionary motives for zoning. As for the effects of regulation, most studies have found substantial effects on the housing market. In particular, regulation appears to raise house prices, reduce construction, reduce the elasticity of housing supply, and alter urban form. Other research has found that regulation influences local labor markets and household sorting across communities. Finally, we discuss the welfare implications of regulation. Although some specific rules clearly mitigate negative externalities, the benefits of more general forms of regulation are very difficult to quantify. On balance, a few recent studies suggest that the overall efficiency losses from binding constraints on residential development could be quite large.

Hot Property

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Publisher : Springer
ISBN 13 : 3030116743
Total Pages : 220 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Hot Property by : Rob Nijskens

Download or read book Hot Property written by Rob Nijskens and published by Springer. This book was released on 2019-06-14 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.

Land Use Regulations and Housing Supply

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Publisher :
ISBN 13 : 9781109302066
Total Pages : 173 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Land Use Regulations and Housing Supply by : Ralph Boone IV. McLaughlin

Download or read book Land Use Regulations and Housing Supply written by Ralph Boone IV. McLaughlin and published by . This book was released on 2009 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: When a slumping housing market pushes a national economy towards recession, policy makers, investors and homeowners tend to focus their attention on federal regulation of housing finance. However, they have all but ignored the impacts of local and state regulations on the production of housing itself. This is surprising, since recent evidence suggests local and state land use regulations may play an important role in housing market efficiency (Mayer and Soerville, 2000; Glaser, Gyourko, and Saks, 2005). Furthermore, scholars have failed to reconcile opposing theories of land use regulations and housing supply, so consistent definitions of regulation and efficiency remain elusive. This dissertation will help reconcile the opposing theories of urban economics, political economy, and regional planning with the question: How do land use regulations effect housing markets? Do their impacts vary by scale? While these theoretical models yield radically different answers, most conclude that other regulatory approaches result in housing market inefficiencies. But with several perspectives and viewpoints, what are the fundamentals of various models? How well do models and theories portray real world markets? Which models should policy makers follow? This dissertation uses a three-paper approach to address these questions. The first paper, an integrative analysis, intimately examines the idea that land use regulations may have played a role in the emergence of the 2007 recession. Results financial deregulation and decentralization of land use in the 1980s set the stage for a large housing bubble and subsequent crash. Second, an empirical analysis examines local government regulation, competition, and housing construction in Southern California. Findings indicate that as cities permit more multifamily units, their neighbors permit less, suggesting that local regulations and intercity competition may inefficiently restrict certain housing types. The third paper analyzes the impacts of state regulation on housing growth in Maryland, and finds that it may increase multifamily housing in urban areas, but decrease in suburban and exurban areas. This suggests that cities in non-urban areas might view state regulatory incentives as a source of inefficient growth or public expenditures, and that "smart growth" programs have limited effectiveness.

The Homevoter Hypothesis

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Publisher : Harvard University Press
ISBN 13 : 9780674036901
Total Pages : 362 pages
Book Rating : 4.0/5 (369 download)

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Book Synopsis The Homevoter Hypothesis by : William A. Fischel

Download or read book The Homevoter Hypothesis written by William A. Fischel and published by Harvard University Press. This book was released on 2009-07-01 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities. If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner’s principal asset—his home—will rise. Thus, as William Fischel shows, homeowners become watchful citizens of local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that cannot be diversified. Meanwhile, their vigilance promotes a municipal governance that provides services more efficiently than do the state or national government. Fischel has coined the portmanteau word “homevoter” to crystallize the connection between homeownership and political involvement. The link neatly explains several vexing puzzles, such as why displacement of local taxation by state funds reduces school quality and why local governments are more likely to be efficient providers of environmental amenities. The Homevoter Hypothesis thereby makes a strong case for decentralization of the fiscal and regulatory functions of government.

Job Creation and Housing Construction

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Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Job Creation and Housing Construction by : Raven E. Saks

Download or read book Job Creation and Housing Construction written by Raven E. Saks and published by . This book was released on 2004 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Urban Planning and the Housing Market

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Publisher : Springer
ISBN 13 : 1137464038
Total Pages : 449 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Urban Planning and the Housing Market by : Nicole Gurran

Download or read book Urban Planning and the Housing Market written by Nicole Gurran and published by Springer. This book was released on 2017-05-31 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book re-examines the role of urban policy and planning in relation to the housing market in an era of global uncertainty and change. The relationship between planning and the housing market is a contested problem across research, policy, and practice. Problems with housing supply and affordability in many nations have been linked to planning system constraints, while the global financial crisis has raised new questions about the role of urban planning regulation and processes in responding to housing market trends. With reference to international cases from the United Kingdom, the United States, Ireland, Hong Kong and Australia, the book examines how different systems of urban planning and governance address complex and dynamic housing market trends. It also offers practical guidance on how urban planning can support an efficient supply of appropriate and affordable homes in preferred locations. A detailed study, which explains and decodes the workings of the planning system and housing market, this book will be of particular interest to scholars of human geography and urban planning, as well as housing policy makers and practitioners. To view Nicole Gurran’s related TEDx talk please visit: Housing Crisis? How about housing solutions. TEDx Sydney 2018 (http://bit.ly/2psfpMw)

Red Tape and Housing Costs

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Publisher : Routledge
ISBN 13 : 135131811X
Total Pages : 191 pages
Book Rating : 4.3/5 (513 download)

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Book Synopsis Red Tape and Housing Costs by : Michael Luger

Download or read book Red Tape and Housing Costs written by Michael Luger and published by Routledge. This book was released on 2018-04-24 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Homeownership - a core American Dream - remains elusive to millions of families priced out of the unstable housing market. This book explores the delicate balance between regulations designed to promote the production of sound, affordable housing in safe community environments and the red tape in which housing developers become entangled.Based on case studies of communities in New Jersey and North Carolina, and building on extensive research on the housing development regulatory process, the authors examine the incidence of regulation and quantify the actual itemized costs of excessive regulation. How are the costs of excessive regulation distributed between developers and home buyers? How can state and local jurisdictions reform deeply entrenched regulatory systems to ease the delivery of affordable housing from developer to purchaser?Red Tape and Housing Costs examines the incidence of regulation. The distribution of these costs is critical to housing affordability. At the same time, developers shift to building housing for consumers to whom they can pass on the increasing costs of regulation. Michael I. Luger and Kenneth Temkin provide policymakers and housing advocates with hard facts and reasoned explanations about the link between excessive regulations and spiraling housing costs. The authors argue that their analysis will allow policymakers to launch efforts to create responsible housing development regulatory systems.

Arbitrary Lines

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Publisher : Island Press
ISBN 13 : 1642832545
Total Pages : 258 pages
Book Rating : 4.6/5 (428 download)

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Book Synopsis Arbitrary Lines by : M. Nolan Gray

Download or read book Arbitrary Lines written by M. Nolan Gray and published by Island Press. This book was released on 2022-06-21 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: It's time for America to move beyond zoning, argues city planner M. Nolan Gray in Arbitrary Lines: How Zoning Broke the American City and How to Fix It. With lively explanations, Gray shows why zoning abolition is a necessary--if not sufficient--condition for building more affordable, vibrant, equitable, and sustainable cities. Gray lays the groundwork for this ambitious cause by clearing up common misconceptions about how American cities regulate growth and examining four contemporary critiques of zoning (its role in increasing housing costs, restricting growth in our most productive cities, institutionalizing racial and economic segregation, and mandating sprawl). He sets out some of the efforts currently underway to reform zoning and charts how land-use regulation might work in the post-zoning American city. Arbitrary Lines is an invitation to rethink the rules that will continue to shape American life--where we may live or work, who we may encounter, how we may travel. If the task seems daunting, the good news is that we have nowhere to go but up

Neighborhood Defenders

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Publisher : Cambridge University Press
ISBN 13 : 1108477275
Total Pages : 233 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Neighborhood Defenders by : Katherine Levine Einstein

Download or read book Neighborhood Defenders written by Katherine Levine Einstein and published by Cambridge University Press. This book was released on 2019-12-05 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public participation in the housing permitting process empowers unrepresentative and privileged groups who participate in local politics to restrict the supply of housing.

Regional Growth-- Local Reaction

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Publisher :
ISBN 13 :
Total Pages : 180 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Regional Growth-- Local Reaction by : Madelyn Glickfeld

Download or read book Regional Growth-- Local Reaction written by Madelyn Glickfeld and published by . This book was released on 1992 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book summarizes how 443 of California's cities and counties dealt with problems caused by rapid growth in the 1970s and 1980s. Maps, charts, and graphs illustrate the distribution of different types of growth control measures throughout the state. This report is a valuable resource in light of changing social and economic conditions in the late 1990s and early 2000s.

The Economics of Zoning Laws

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Publisher : JHU Press
ISBN 13 : 9780801835629
Total Pages : 396 pages
Book Rating : 4.8/5 (356 download)

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Book Synopsis The Economics of Zoning Laws by : William A. Fischel

Download or read book The Economics of Zoning Laws written by William A. Fischel and published by JHU Press. This book was released on 1987-08 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land use controls can affect the quality of the environment, the provision of public services, the distribution of income and wealth, the development of natural resources, and the growth of the national economy. The Economics of Zoning Laws is the first book to apply the modern economic theory of property rights to all major aspects of zoning. Zoning laws are neither irrational constrints on otherwise efficient markets nor disinterested attempts to correct market failure. Rather, zoning must be viewed as a collective property right, vested in local governments and administered by politicians who rationally repsond to their constituents and to developers as markets for development rights arise. The Economics of Zoning Laws develops the economic theories of property rights and public choice and applies them to three zoning controversies: the siting of a large industrial plant, the exclusionary zoning of the suburbs, and the constitutional protection of propery owners from excessive regulation. Economic and legal theory, William Fischel contends, suggest that payment of damages under the taking clause of the Constitution may provide the most effective remedy for excessive zoning regulations.

Fixer-Upper

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Publisher : Brookings Institution Press
ISBN 13 : 081573929X
Total Pages : 119 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Fixer-Upper by : Jenny Schuetz

Download or read book Fixer-Upper written by Jenny Schuetz and published by Brookings Institution Press. This book was released on 2022-02-22 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: Practical ideas to provide affordable housing to more Americans Much ink has been spilled in recent years talking about political divides and inequality in the United States. But these discussions too often miss one of the most important factors in the divisions among Americans: the fundamentally unequal nature of the nation’s housing systems. Financially well-off Americans can afford comfortable, stable homes in desirable communities. Millions of other Americans cannot. And this divide deepens other inequalities. Increasingly, important life outcomes—performance in school, employment, even life expectancy—are determined by where people live and the quality of homes they live in. Unequal housing systems didn’t just emerge from natural economic and social forces. Public policies enacted by federal, state, and local governments helped create and reinforce the bad housing outcomes endured by too many people. Taxes, zoning, institutional discrimination, and the location and quality of schools, roads, public transit, and other public services are among the policies that created inequalities in the nation’s housing patterns. Fixer-Upper is the first book assessing how the broad set of local, state, and national housing policies affect people and communities. It does more than describe how yesterday’s policies led to today’s problems. It proposes practical policy changes than can make stable, decent-quality housing more available and affordable for all Americans in all communities. Fixing systemic problems that arose over decades won’t be easy, in large part because millions of middle-class Americans benefit from the current system and feel threatened by potential changes. But Fixer-Upper suggests ideas for building political coalitions among diverse groups that share common interests in putting better housing within reach for more Americans, building a more equitable and healthy country.

Affordable Rental Housing: Making It Part of Europe’s Recovery

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Publisher : International Monetary Fund
ISBN 13 : 151357020X
Total Pages : 97 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Affordable Rental Housing: Making It Part of Europe’s Recovery by : Khalid ElFayoumi

Download or read book Affordable Rental Housing: Making It Part of Europe’s Recovery written by Khalid ElFayoumi and published by International Monetary Fund. This book was released on 2021-05-24 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many European economies have faced pressure from rental housing affordability that has widened social and economic divergence. While significant country and regional differences exist, this departmental paper finds that in many advanced European economies a large and rising share of low-income renters, the young, and those living in cities is overburdened. In several locations, middle-income groups also increasingly face rental affordability issues.

Housing Supply and Land Use Regulation in the Netherlands

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (29 download)

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Book Synopsis Housing Supply and Land Use Regulation in the Netherlands by : Wouter Vermeulen

Download or read book Housing Supply and Land Use Regulation in the Netherlands written by Wouter Vermeulen and published by . This book was released on 2007 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on housing supply, land use regulation and regional labourmarkets

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Publisher : Rozenberg Publishers
ISBN 13 : 9051707738
Total Pages : 208 pages
Book Rating : 4.0/5 (517 download)

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Book Synopsis Essays on housing supply, land use regulation and regional labourmarkets by : Wouter Vermeulen

Download or read book Essays on housing supply, land use regulation and regional labourmarkets written by Wouter Vermeulen and published by Rozenberg Publishers. This book was released on 2003 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Zoning Rules!

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Publisher :
ISBN 13 : 9781558442887
Total Pages : 416 pages
Book Rating : 4.4/5 (428 download)

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Book Synopsis Zoning Rules! by : William A. Fischel

Download or read book Zoning Rules! written by William A. Fischel and published by . This book was released on 2015 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Zoning has for a century enabled cities to chart their own course. It is a useful and popular institution, enabling homeowners to protect their main investment and provide safe neighborhoods. As home values have soared in recent years, however, this protection has accelerated to the degree that new housing development has become unreasonably difficult and costly. The widespread Not In My Backyard (NIMBY) syndrome is driven by voters’ excessive concern about their home values and creates barriers to growth that reach beyond individual communities. The barriers contribute to suburban sprawl, entrench income and racial segregation, retard regional immigration to the most productive cities, add to national wealth inequality, and slow the growth of the American economy. Some state, federal, and judicial interventions to control local zoning have done more harm than good. More effective approaches would moderate voters’ demand for local-land use regulation—by, for example, curtailing federal tax subsidies to owner-occupied housing"--Publisher's description.

Not in My Back Yard

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Publisher : DIANE Publishing
ISBN 13 : 9780788100666
Total Pages : 166 pages
Book Rating : 4.1/5 (6 download)

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Book Synopsis Not in My Back Yard by :

Download or read book Not in My Back Yard written by and published by DIANE Publishing. This book was released on 1993-12 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: The final report of the blue-ribbon commission appointed by Pres. Bush to study government regulations that drive up housing costs for American families. Examined the effects of rules, regulations, and red tape at all levels of government on the costs of housing in America. Graphs.