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Is UK monetary policy driving private housing rents?

BankUnderground

Daniel Albuquerque and Jamie Lenney Rent prices have risen by 9% on average in England since the Bank of England’s Monetary Policy Committee (MPC) started raising interest rates in December 2021. These results also hold across regions in England. We also plot the point estimates for each English region in grey.

Policies 101
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The declining elasticity of US housing supply

BankUnderground

Bruno Albuquerque, Knut Are Aastveit and André Anundsen. We find that US housing supply has become less elastic since the crisis, with bigger declines in places where land-use regulation has tightened the most, and in areas that had larger price declines during the crisis. Main framework to estimate local housing supply elasticities.

US 52