| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 961979 | Journal of Housing Economics | 2012 | 14 Pages |
Abstract
⺠We model housing starts across 83 municipalities in northern New Jersey in the twelve years after 1995. ⺠The main covariates of interest are weighted average minimum lot size and the percentage of municipal land area that is preserved open space. ⺠Housing development in municipalities decreases with increasing minimum lot size. ⺠This result suggests that large minimum lot sizes are “oversupplied” in the region relative to homebuyer demand. ⺠Local amenities, whether due to lot size regulations or to open space, do not appear to affect the rate of housing starts.
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Authors
Paul D. Gottlieb, Anthony O'Donnell, Thomas Rudel, Karen O'Neill, Melanie McDermott,