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

Cristina Bratu; Oskari Harjunen; Tuukka Saarimaa

doi:10.1016/j.jue.2022.103528

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

Cristina Bratu, Oskari Harjunen, Tuukka Saarimaa^*

^*Tämän työn vastaava kirjoittaja

VATT Institute for Economic Research

Tutkimustuotos: Lehtiartikkeli › Article › Scientific › vertaisarvioitu

2 Sitaatiot (Scopus)

41 Lataukset (Pure)

Abstrakti

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.

Alkuperäiskieli	Englanti
Artikkeli	103528
Sivumäärä	8
Julkaisu	JOURNAL OF URBAN ECONOMICS
Vuosikerta	133
Varhainen verkossa julkaisun päivämäärä	7 tammik. 2023
DOI - pysyväislinkit	https://doi.org/10.1016/j.jue.2022.103528
Tila	Julkaistu - tammik. 2023
OKM-julkaisutyyppi	A1 Julkaistu artikkeli, soviteltu

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10.1016/j.jue.2022.103528Lisenssi: CC BY

1-s2.0-S0094119022001048-mainFinal published version, 964 KBLisenssi: CC BY

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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.",

keywords = "Housing supply, Housing affordability, Filtering",

author = "Cristina Bratu and Oskari Harjunen and Tuukka Saarimaa",

year = "2023",

month = jan,

doi = "10.1016/j.jue.2022.103528",

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AU - Bratu, Cristina

AU - Harjunen, Oskari

AU - Saarimaa, Tuukka

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N2 - 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.

AB - 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.

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KW - Housing affordability

KW - Filtering

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JF - JOURNAL OF URBAN ECONOMICS

M1 - 103528

ER -

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

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