Time is money: How landbanking constrains housing supply

Cameron Murray ()

Journal of Housing Economics, 2020, vol. 49, issue C

Abstract: Many housing policies aim to increase supply and reduce prices through rezoning, relying on the assumption that increasing allowable densities automatically accelerates the rate of housing supply. However, the existence of landbanking (land hoarding), where land able to be profitably developed for housing is withheld from the market in anticipation of future gains, undermines the logic of such policy changes.

Keywords: Land banking; Land hoarding; Housing supply; Housing policy; Dynamics (search for similar items in EconPapers)
JEL-codes: R14 R31 R52 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhouse:v:49:y:2020:i:c:s1051137720300449

DOI: 10.1016/j.jhe.2020.101708

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