Housing Costs and Prices Under Regional Regulation

James C. Nicholas

Real Estate Economics, 1981, vol. 9, issue 4, 384-396

Abstract: The regulation of development by regional agencies was proposed in the American Law Institute's Model Land Development Code. The objective of this additional regulation was to bring new development into accord with the growing concern with environmental degradation. The State of Florida was the first state to adopt its own version of the Code. This article reviews the housing cost and price impacts of this regulatory process as it has evolved in Florida. The empirical evidence suggests that both the cost and the price of new housing subject to this review are increased above that of housing exempted.

Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:bla:reesec:v:9:y:1981:i:4:p:384-396

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