Article
Development Studies
Timothy Akinwande, Eddie C. M. Hui
Summary: The study explores housing supply value chain by analyzing housing finance, land acquisition, and housing construction as they relate to the urban poor. Most scholars suggest that a balanced approach of both bottom-up and top-down strategies is needed for better affordable housing provision. Land acquisition is a less discussed topic in literature, and the study recommends tackling the three main activities involved in housing provision both independently and interdependently for a more comprehensive solution to the global challenge of sustainable affordable housing provision. The study also provides a policy-oriented framework for future research directions in the area of effective affordable housing supply.
HABITAT INTERNATIONAL
(2022)
Article
Environmental Studies
Catherine Gilbert, Nicole Gurran
Summary: This paper examines the impact of the Major Projects reform introduced in 2005 in the Australian state of New South Wales on housing supply and diversity. The reform allowed developers to bypass local planning controls, resulting in higher density infill development. However, it also highlighted the limitations of ceding power to the market.
Article
Business, Finance
Michael Reher
Summary: Financial intermediaries impact rental housing quality and affordability by providing financing for quality improvement projects to real estate investors. A surge in improvement activity has been observed since the Great Recession, with a reallocation of bank credit towards improvement projects explaining 24% of quality improvements since 2015. This has led to an increase in supply of high-quality apartments, lower rents for these units, but higher average rents overall, contributing to 32% of historically high rent growth over 2015-16.
JOURNAL OF FINANCIAL ECONOMICS
(2021)
Article
Environmental Studies
Youseung Shin, Youngsang Kwon, Ducksu Seo
Summary: The Vietnamese government has been playing the role of policy initiator to provide mass affordable housing by mobilizing resources from the private sector since the proclamation of the Doi Moi policy. This study investigates the evolution of housing types in Hanoi from the perspective of policy deviation and examines the impact of government intervention using the theoretical framework of the developmental state model. The study reveals that deficiencies in regulations and mismatches in housing demand have resulted in failures in ambitious housing supply plans during policy implementation, and highlights the importance of public land ownership and centralized planning authority in the state-led housing development policy.
Article
Environmental Studies
Quintin Bradley
Summary: This article aims to identify the calculative practices that lead urban development planning to become the supply side of land financialisation. The focus is on statutory housing supply planning and accounting procedures that normalize land speculation practices in the early stages of urban development. Analysis of the accounting regime used by planning authorities in England to demonstrate housing land supply reveals the impact of formatting land as a financial asset on the statutory regulation of land supply.
Article
Environmental Studies
Quintin Bradley
Summary: This article investigates the performative role of accountancy in embedding market mechanisms in public services. It argues that marketisation is a work of calculative modelling, concealing the social and political practices on which it depends. The importance of Polanyi's analysis in theorising the performativity of calculative practices in the project of marketisation is highlighted, emphasizing the creation of fictional markets rather than real economies.
ENVIRONMENT AND PLANNING A-ECONOMY AND SPACE
(2022)
Article
Environmental Studies
Simon C. Buchler, Dongxiao Niu, Anne K. Thompson, Siqi Zheng
Summary: This study empirically analyses the impact of human capital and housing supply on urban growth in the US and China. The findings suggest that human capital has a positive effect on urban population, house price, and wage growth. The heterogeneity of housing supply plays a role in reinforcing or reducing these impacts.
Article
Economics
Cristina Bratu, Oskari Harjunen, Tuukka Saarimaa
Summary: The study shows that the supply of new market-rate housing in centrally-located areas has city-wide effects. This is based on population-wide register data, which is geo-coded, from the Helsinki Metropolitan Area. The construction of new market-rate units triggers moving chains that quickly impact middle and low-income neighborhoods and individuals. As a result, the housing market in these areas becomes more accessible even in the short term. The supply of market-rate housing is likely to improve affordability outside the sub-markets where new construction occurs, benefiting low-income individuals.
JOURNAL OF URBAN ECONOMICS
(2023)
Article
Economics
Nicolas Gonzalez-Pampillon
Summary: This study estimates the spillover effects of new housing supply on house prices and finds a 12% increase in prices due to the new supply. The study also highlights the contribution of changes in neighborhood income mix to the external effects.
REGIONAL SCIENCE AND URBAN ECONOMICS
(2022)
Article
Development Studies
Johan Mottelson
Summary: Land use restrictions can have negative effects on low-income groups by limiting housing supply and increasing accommodation costs. This article examines the restrictions on informal housing supply in Maputo, Mozambique and Nairobi, Kenya, and finds that Nairobi has higher restrictions and more compromised livelihood in informal settlements compared to Maputo. The article argues that repressive approaches to informal urban development should be abolished and less restrictive building and planning regulations should be adopted to enhance sustainable development.
SUSTAINABLE DEVELOPMENT
(2023)
Article
Urban Studies
Daniel Melser, Rachel Ong Vifor, Gavin Wood
Summary: This study investigates the housing elasticity of supply in 341 local government areas in Australia and finds significant variation between different regions. There is no correlation between the housing elasticity of supply estimates for houses and units in the surveyed areas. The study also reveals that accessibility is the most important driver of housing elasticity of supply, with city-fringe areas having the highest elasticity for houses and inner-city areas having the highest elasticity for units.
Article
Economics
Ricardo Guedes, Felipe S. Iachan, Marcelo Sant'Anna
Summary: This paper examines the housing supply in markets with prevalent informal housing by estimating the housing supply for over 90 metropolitan areas in Brazil using census and satellite data. The study finds that the widespread presence of informal housing increases the elasticity of housing supply, mitigating the downward pressure caused by geographical constraints. The empirical approach is guided by a monocentric city model that incorporates informal housing and utilizes two novel instruments, combining demographic data and public land ownership, for identification.
REGIONAL SCIENCE AND URBAN ECONOMICS
(2023)
Article
Economics
Paul Egan, Kieran McQuinn
Summary: Understanding the impact of housing supply on housing price inflation is crucial for policy-makers. Housing prices have increased significantly across many western economies in the past 25 years, with recent observations of price inflation after the Covid-19 pandemic. This study focuses on quantifying the impact of additional supply on price inflation in the Irish property market and highlights the complex relationship between them.
QUARTERLY REVIEW OF ECONOMICS AND FINANCE
(2023)
Article
Thermodynamics
Krzysztof Barnas, Tomasz Jelenski, Marzena Nowak-Oclon, Kinga Racon-Leja, Elzbieta Radziszewska-Zielina, Bartlomiej Szewczyk, Grzegorz Sladowski, Cezary Tos, Petar Sabev Varbanov
Summary: This paper proposes a comprehensive adaptation approach for prefabricated panel-block buildings, targeting Eastern Bloc countries' technologies. The approach utilizes Geographic Information Systems, urban and social analysis, and Multi-Criteria Decision-Making methods for thermal retrofitting and addressing accessibility and public space deficiencies. The proposed model includes an energy audit and measures to reduce energy consumption, potentially saving users up to 80% of their current energy consumption and related emissions.
Article
Economics
Christian A. L. Hilber, Jan Rouwendal, Wouter Vermeulen
Summary: This study investigates the impact of local economic conditions on the type and size of newly constructed housing units in a city. Positive local income shocks are found to increase the share of multi-family housing in new construction and trigger the construction of smaller units, driven primarily by migration. The findings align with a modified open monocentric city model that realistically assumes land can be converted into new housing units throughout the city.
JOURNAL OF ECONOMIC GEOGRAPHY
(2021)