The Geographic Determinants of Housing Supply

  title={The Geographic Determinants of Housing Supply},
  author={Albert Saiz},
I process satellite-generated data on terrain elevation and presence of water bodies to precisely estimate the amount of developable land in US metro areas. The data shows that residential development is effectively curtailed by the presence of steep-sloped terrain. I also find that most areas in which housing supply is regarded as inelastic are severely land-constrained by their geography. Econometrically, supply elasticities can be well-characterized as functions of both physical and… CONTINUE READING
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