Supply Constraints Do Not Explain House Price, Quantity Growth Across US Cities

Re:Supply Constraints Do Not Explain House Price, Quantity G... by Tewboo on Wednesday March 19, 2025 @09:47AM (#43411944)

Supply constraints can't fully account for the varied growth in house prices and quantities across US cities. Economic dynamics are more complex.

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Re:Supply Constraints Do Not Explain House Price, Quantity G... by Earw0rm on Wednesday March 19, 2025 @10:53AM (#43412806)

Changes in fashion and lifestyle can shift demand towards types of housing that are more difficult to fulfil, supply-wise.

Essentially if the young and upwardly mobile want suburban sprawl, it's easy to build more of it until the price comes down. If they demand city-center condos, that's a little trickier.

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Re:Supply Constraints Do Not Explain House Price, Quantity G... by btilly on Wednesday March 19, 2025 @10:13AM (#43412288)

But "can't fully account" does not imply "aren't a major factor".

I would look at the paper in more detail, but it is not available to me.

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