Supply Skepticism Revisited

Vicki Been, Ingrid Gould Ellen and Katherine O’Regan

Housing Policy Debate, 2025, vol. 35, issue 1, 96-113

Abstract: Although “supply skeptics” claim that new housing supply does not slow growth in rents, our review of rigorous recent studies finds that: (a) increases in housing supply reduce rents or slow the growth in rents in the region; (b) in some circumstances, new construction also reduces rents or rent growth in the surrounding neighborhood; (c) while new supply is associated with measures of gentrification, it has not been shown to heighten displacement of lower income households; and (d) the chains of moves resulting from new supply free up both for-sale and rented dwelling units that are then occupied by households across the income spectrum, and provide higher income households with alternatives to the older units for which they might otherwise outbid lower income residents.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10511482.2024.2418044 (text/html)
Access to full text is restricted to subscribers.

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:taf:houspd:v:35:y:2025:i:1:p:96-113

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RHPD20

DOI: 10.1080/10511482.2024.2418044

Access Statistics for this article

Housing Policy Debate is currently edited by Tom Sanchez, Susanne Viscarra and Derek Hyra

More articles in Housing Policy Debate from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().