Residential Construction: Using the Urban Growth Model to Estimate Housing Supply

By C. Mayer. 2000

308 citations recorded by the source corpus.

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Construction Costs and the Supply of Housing Structure (2006, unknown): “[See the article “Board no longer granting variances from PVP pipe” from that day’s paper.]”
Crowd out effects of place-based subsidized rental housing: New evidence from the LIHTC program (2010, methodology): “Specification of our model is guided by previous work on housing starts, and especially that of Mayer and Somerville (2000).20 Mayer and Somerville emphasize that new housing construction is a flow, and for this reason, is best expressed as a function of changes in housing prices and costs rather…”
ARE HOME PRICES THE NEXT BUBBLE (2004, unknown): “…and Wheaton (1994), Mayer and Somerville (2000), and McCarthy and Peach (2002). b For evidence on the inventory effect, see Topel and Rosen (1988), DiPasquale and Wheaton (1994), Mayer and Somerville (2000), and McCarthy and Peach (2002). c We estimate equations 1 and 2 jointly using the…”
Housing markets and the financial crisis of 2007-2009: lessons for the future (2010, background): “Mayer and Somerville (2000a) argue that residential construction responds not to the level of real house prices, but to the rate of appreciation, reflecting builder incentives to earn rents on the land component of house prices.”