Housing Conundrum: A Shortage of Demand or Supply?

Stephen D. Oliner ()
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Stephen D. Oliner: American Enterprise Institute

Business Economics, 2016, vol. 51, issue 3, No 8, 165 pages

Abstract: Abstract Rents and house prices are rising considerably faster than income. The combination of limited construction and substantial price increases is consistent with constrained supply. Supply is constrained, in large part, because it is not easy or cheap to build in the close-in areas where many people want to live. The only solution to this problem is to find a way to build more housing.

Keywords: housing; mortgages; affordability; land value (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1057/s11369-016-0003-3

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