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The Impact of Zoning on Housing Affordability / Edward L. Glaeser, Joseph Gyourko.
- Format:
- Book
- Author/Creator:
- Glaeser, Edward L.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w8835.
- NBER working paper series no. w8835
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2002.
- Summary:
- Does America face an affordable housing crisis and, if so, why? This paper argues that in much of America the price of housing is quite close to the marginal, physical costs of new construction. The price of housing is significantly higher than construction costs only in a limited number of areas, such as California and some eastern cities. In those areas, we argue that high prices have little to do with conventional models with a free market for land. Instead, our evidence suggests that zoning and other land use controls, play the dominant role in making housing expensive.
- Notes:
- Print version record
- March 2002.
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