The Geographic Determinants of Housing Supply*

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ID: 291321
2010
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Abstract
I process satellite-generated data on terrain elevation and presence of water bodies to precisely estimate the amount of developable land in U.S. metropolitan areas. The data show that residential development is effectively curtailed by the presence of steep-sloped terrain. I also find that most areas in which housing supply is regarded as inelastic are severely land-constrained by their geography. Econometrically, supply elasticities can be well characterized as functions of both physical and regulatory constraints, which in turn are endogenous to prices and demographic growth. Geography is a key factor in the contemporaneous urban development of the United States.
Reference Key
openalex_W1983291248 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Albert Sáiz
Journal the quarterly journal of economics
Year 2010
DOI
10.1162/qjec.2010.125.3.1253
URL
https://doi.org/10.1162/qjec.2010.125.3.1253
Keywords Keywords not found

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