JUE insight: City-wide effects of new housing supply: Evidence from moving chains

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Journal Title
Journal ISSN
Volume Title
A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
Date
2023-01
Major/Subject
Mcode
Degree programme
Language
en
Pages
8
Series
JOURNAL OF URBAN ECONOMICS, Volume 133
Abstract
We study the city-wide effects of new, centrally-located market-rate housing supply using geo-coded population-wide register data from the Helsinki Metropolitan Area. The supply of new market rate units triggers moving chains that quickly reach middle- and low-income neighborhoods and individuals. Thus, new market-rate construction loosens the housing market in middle- and low-income areas even in the short run. Market-rate supply is likely to improve affordability outside the sub-markets where new construction occurs and to benefit low-income people.
Description
Keywords
Housing supply, Housing affordability, Filtering
Other note
Citation
Bratu , C , Harjunen , O & Saarimaa , T 2023 , ' JUE insight: City-wide effects of new housing supply: Evidence from moving chains ' , JOURNAL OF URBAN ECONOMICS , vol. 133 , 103528 . https://doi.org/10.1016/j.jue.2022.103528