Tag: Affordable housing
Housing costs depriving U.S. economy of billions
Regulations on new housing — and the resulting shortfall in supply — are costing the U.S. economy billions each year. How? A new study, “Why Do Cities Matter? Local Growth and Aggregate Growth” by Chang-Tai Hsieh of the University of Chicago and Enrico Moretti of UC Berkeley, finds that income disparity in metro areas is […]
How policy leads to sprawl
Development policy leads to urban sprawl, and the resulting costs are enormous. A new report, Analysis of Public Policies That Unintentionally Encourage and Subsidize Urban Sprawl, authored by Todd Litman of the Victorian Transport Policy Institute, investigates. Sprawl results in drops in ecological and agricultural productivity, higher public infrastructure and service costs, and greater transportation […]