 The Effects of Critical Habitat Designation on Housing Supply: An Analysis of California Housing Construction Activity*Jeffrey Zabel and Robert W. Paterson Journal of Regional Science, 2006, vol. 46, issue 1, 67-95 Abstract: Abstract. Under the Endangered Species Act, the U.S. Fish and Wildlife Service is required to designate critical habitat (CH) for listed species. Designation could result in modification to or delay of residential development projects within habitat boundaries, generating concern over potential housing market impacts. This paper draws upon a large data set of municipal‐level (FIPS) building permit issuances and critical habitat designations (CHDs) in California over a 13‐year period to identify changes in the spatial and temporal pattern of development activity associated with CHD. We find that the proposal of the median‐sized CH results in a 23.5 percent decrease in the supply of housing permits in the short run and a 37.0 percent decrease in the long run. The results indicate the proposal of CH acts as a signal that all development in that FIPS will be more costly. We also find that the impact varies across the two periods in which CH is designated and by the number of years relative to when CH was first proposed. Date: 2006 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:jregsc:v:46:y:2006:i:1:p:67-95 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of Regional Science is currently edited by Marlon G. Boarnet, Matthew Kahn and Mark D. Partridge More articles in Journal of Regional Science from Wiley Blackwell |
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