The Local Residential Land Use Regulatory Environment Across U.S. Housing Markets: Evidence from a New Wharton Index

64 Pages Posted: 24 Dec 2019 Last revised: 4 Jan 2020

See all articles by Joseph Gyourko

Joseph Gyourko

University of Pennsylvania

Jonathan Hartley

Harvard University, Harvard Kennedy School (HKS), Students

Jacob Krimmel

Board of Governors of the Federal Reserve System; University of Pennsylvania - The Wharton School

Date Written: December 2019

Abstract

We report results from a new survey of local residential land use regulatory regimes for over 2,450 primarily suburban communities across the U.S. The most highly regulated markets are on the two coasts, with the San Francisco and New York City metropolitan areas being the most highly regulated according to our metric. Comparing our new data to that from a previous survey finds that the housing bust associated with the Great Recession did not lead any major market that previously was highly regulated to reverse course and deregulate to any significant extent. Moreover, regulation in most large coastal markets increased over time.

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Suggested Citation

Gyourko, Joseph and Hartley, Jonathan and Krimmel, Jacob, The Local Residential Land Use Regulatory Environment Across U.S. Housing Markets: Evidence from a New Wharton Index (December 2019). NBER Working Paper No. w26573. Available at SSRN: https://ssrn.com/abstract=3508552

Joseph Gyourko (Contact Author)

University of Pennsylvania ( email )

Philadelphia, PA 19104
United States

Jonathan Hartley

Harvard University, Harvard Kennedy School (HKS), Students ( email )

Cambridge, MA
United States

Jacob Krimmel

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

University of Pennsylvania - The Wharton School ( email )

3641 Locust Walk
Philadelphia, PA 19104-6365
United States

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