The declining elasticity of US housing supply
BankUnderground
FEBRUARY 25, 2020
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. The 1996-2006 boom vs the 2012-2017 recovery.
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