A New Measure of the Local Regulatory Environment for Housing Markets: The Wharton Residential Land Use Regulatory Index

2008/02/13 by Joseph Gyourko, Albert Saiz, Albert Sáiz +2 · 22 citations
Economics, Econometrics and Finance · #Housing Market and Economics #Regional Economics and Spatial Analysis #Spatial and Panel Data Analysis

paper · doi:10.1177/0042098007087341

Abstract

A new survey of over 2000 jurisdictions across all major housing markets in the US documents how regulation of residential building varies across space. New evidence on what a `typical' degree of local regulation entails is provided. In addition, data on how the stringency of land use control varies across markets are analysed. Coastal markets tend to be more highly regulated, with communities in the Northeast region of America being the most highly regulated on average, followed by those in the West region (California especially).

Citations

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