What explains Manhattan's declining share of residential construction?

Thomas Davidoff ()

Journal of Public Economics, 2010, vol. 94, issue 7-8, 508-514

Abstract: Dense, expensive, litigious, and highly regulated, Manhattan typifies coastal US housing markets. Manhattan has lost share of US residential construction over the last 45Â years. Some attribute this trend to tightening local regulation, but the decline of public housing construction and the decreasing national share of construction that is multifamily jointly explain away Manhattan's decline. Across US counties, negative correlations between supply growth and both coastal status and regulations disappear conditional on population density.

Keywords: Housing; supply; and; markets; Regulatory; policies; Land; use; patterns (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0047-2727(10)00013-7
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:pubeco:v:94:y:2010:i:7-8:p:508-514

Access Statistics for this article

Journal of Public Economics is currently edited by R. Boadway and J. Poterba

More articles in Journal of Public Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().