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Housing Prices and Regulation: Econ 101 Still Applies

Leonard Gilroy
February 1, 2005, 3:25pm

We constantly talk about how land use regulations drive up the costs of new housing, and it is always nice to welcome a new addition to the body of evidence for this fact. From the venerable tandem of Harvard's Edward L. Glaeser and Wharton's Joseph Gyourko (along with Raven Saks), we get a new analysis of housing prices and regulation in Manhattan. Here's the abstract: And here's an abstract of one of their previous studies showing that land regulation increases housing prices. (hat tip: Peter Gordon)

Leonard Gilroy is Director of Government Reform


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