Does Upzoning Reduce Housing Prices?
Legal Planet
APRIL 11, 2023
A new study on upzoning is out from the highly-respected Urban Institute , and it doesn’t have great news for YIMBYs: We find that reforms that loosen restrictions are associated with a statistically significant 0.8 percent increase in housing supply within three to nine years of reform passage, accounting for new and existing stock. This increase occurs predominantly for units at the higher end of the rent price distribution; we find no statistically significant evidence that additional lower-c
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