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Local economic conditions and the nature of new housing supply

Hilber, Christian A. L., Rouwendal, Jan and Vermeulen, Wouter (2020) Local economic conditions and the nature of new housing supply. Journal of Economic Geography. ISSN 1468-2702 (In Press)

[img] Text (Local economic conditions and the nature of new housing supply) - Accepted Version
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[img] Text (Local economic conditions and the nature of new housing supply) - Accepted Version
Pending embargo until 1 January 2100.

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Abstract

We explore the effects of local economic conditions on the type and size of newly constructed housing units in a city. Exploiting the metro area samples of the American Housing Survey from 1984 to 2004, we find that positive local income shocks (i) increase a city’s share of multi- family housing in new construction and (ii) trigger the construction of smaller units. These responses are driven by migration. Our findings are consistent with a modified open monocentric city model that more realistically assumes land is available for conversion into new housing throughout the city.

Item Type: Article
Official URL: https://academic.oup.com/joeg
Divisions: Geography & Environment
LSE
Date Deposited: 29 Jun 2020 14:39
Last Modified: 30 Jun 2020 23:28
URI: http://eprints.lse.ac.uk/id/eprint/105238

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