Making housing affordable? The local effects of relaxing land-use regulation
Bibliographic Data
| ID | 11079730 |
|---|---|
| Authors | Simon C Büchler (0000-0003-1128-4240, Massachusetts Institute of Technology), Elena Lutz (0000-0002-3904-7012, ETH Zurich, corresponding author) |
| Year | 2024 |
| Volume | 143 |
| Pages | 103689 |
| Publication date | 2024-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Urban Economics (JOURNAL) |
| Journal identifiers | ISSN: 0094-1190 • E-ISSN: 1095-9068 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.jue.2024.103689 |
| OpenAlex | W4401828922 |
| Language | EN |
| Citations received | 13 |
| References cited | 51 |
This paper examines the effects of relaxing land-use regulations on housing supply and rents at the local intra-city level. We apply a staggered difference-in-difference model, exploiting exogenous differences in the treatment timing of zoning plan reforms as identifying variation. Increasing the allowable floor-to-area ratio (FAR), i.e., upzoning, significantly increases the living space and housing units by approximately 9% in the subsequent five to ten years. This effect is stronger for larger upzonings, for rasters where zoning is binding, and where rents are high. Furthermore, upzoning leads to no difference in hedonic rents between upzoned and later-upzoned rasters. These results show that upzoning is a viable policy for increasing housing affordability. However, the effects depend on the upzoning policy design and take several years to materialize
Affordable housing · Business · Civil engineering · Economic growth · Economics · Environmental planning · Land use · Natural resource economics · Environmental Science · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban, Neighborhood, and Segregation Studies
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Stringency of land-use regulation
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| Unique citing works | 13 |
|---|---|
| Citations per year | 13 |
| Citation span | 2025 - 2026 (2) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 13 |