By Cameron Murray and Tim Helm This article was originally published on Fresh Economic Thinking. Posted here with permission. A recent working paper by Schuyler Louie, John A. Mondragon, and Johannes Wieland has been making waves in urban economics circles. The paper title might provide a clue as to why— “Supply Constraints do not Explain House Price and Quantity Growth Across U.S. Cities”. The effect of land-use regulations on housing affordability is a polarising topic. Unsurprising...
