Production

Producing Affordable Housing in Rising Markets: What Works?

Published: 2016 | Lance Freeman, Jenny Schuetz | Federal Reserve Bank of Philadelphia Abstract As cities across the United States have rebounded from the Great Recession, an increasing number of households in urban areas are facing high rent burdens in…

Perspectives on Helping Low-Income Californians Afford Housing

Published: 2016 | Mac Taylor | Legislative Analyst’s Office Abstract In this follow up to California’s High Housing Costs, we offer additional evidence that facilitating more private housing development in the state’s coastal urban communities would help make housing more…

Housing Development Toolkit

Published: 2016 | Obama Administration Abstract Over the past three decades, local barriers to housing development have intensified, particularly in the high-growth metropolitan areas increasingly fueling the national economy. The accumulation of such barriers – including zoning, other land use…

California’s High Housing Costs: Causes and Consequences

Published: 2015 | Mac Taylor | Legislative Analyst’s Office Abstract The purpose of this report is to provide the Legislature an overview of the state’s complex and expensive housing markets, encompassing both single-family homes and multi-family apartments. We pay particular…

Density Zoning and Class Segregation in U.S. Metropolitan Areas

Published: 2013 | Jonathan T. Rothwell and Douglas S. Massey Abstract Objectives—Socioeconomic segregation rose substantially in U.S. cities during the final decades of the 20th century and we argue zoning regulations are an important cause for this increase. Methods—We measure…

Supply Constraints and Housing Market Dynamics

Published: 2012 | Andrew Paciorek | The Federal Reserve Board Abstract Although the volatility of house prices is often ascribed to demand-side factors, constraints on housing supply have important and little-studied implications for housing dynamics. I illustrate the strong relationship…

Housing Supply and Housing Bubbles

Published: 2006 | Edward L. Glaeser, Joseph Gyourko, Albert Saiz | National Bureau of Economic Research Abstract Like many other assets, housing prices are quite volatile relative to observable changes in fundamentals. If we are going to understand boom-bust housing…