Housing Prices and Growth

James Kahn ()

No 871, 2007 Meeting Papers from Society for Economic Dynamics

Abstract: and services, are a plausible candidate for explaining the large low-frequency changes in housing prices. We also argue that this interpretation is reasonable given the nature of the technology that produces housing services, and is in accord with the broad patterns in data on housing and land prices. We also explore the role of permanent changes in labor supply as an additional explanatory factor.

Date: 2007
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