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RENT HIGH?
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  2. Expanding developed land alone did not predict slower price growth.
?WHY IS
RENT HIGH?
A supply-skeptical test

Expanding developed land alone did not predict slower price growth.

Across the plotted U.S. metropolitan areas, the fitted relationship is close to flat.

REDRAWN FROM STUDY DATAFigure 6 · Price growth and developed land
Figure 6 · Price growth and developed landAcross the plotted U.S. metropolitan areas, the fitted relationship is close to flat. Values digitized from Figure 6; bubble sizes approximate metropolitan population in the archived publication; minor reading error is possible.0%50%100%150%House-price growth (%)Growth in developed land, 1990–2010 (%)0%20%40%60%80%
Figure 6 · Price growth and developed land. Values digitized from Figure 6; bubble sizes approximate metropolitan population in the archived publication; minor reading error is possible.
Growth in developed land, 1990–2010 (%)House-price growth (%)
542
875
10105
1262
15130
1888
2055
24112
2870
31145
3596
39120
4483
48105
5362
58135
6493
70110
7872
85125

Source: Rodríguez-Pose & Storper (2020) · Figure 6; PDF p. 12

Data: Values digitized from Figure 6; bubble sizes approximate metropolitan population in the archived publication; minor reading error is possible.

Keep in mind: Developed land is not the same as added housing units, and the cross-sectional relationship does not isolate exogenous supply.

Share the evidence

Expanding developed land alone did not predict slower price growth.

Across the plotted U.S. metropolitan areas, the fitted relationship is close to flat.

Source
Rodríguez-Pose & Storper (2020)
Figure
Figure 6 · Price growth and developed land · Figure 6; PDF p. 12
Redraw data
Values digitized from Figure 6; bubble sizes approximate metropolitan population in the archived publication; minor reading error is possible.
Keep in mind
Developed land is not the same as added housing units, and the cross-sectional relationship does not isolate exogenous supply.
View values used in redraw
Values used to redraw Figure 6 · Price growth and developed land
Growth in developed land, 1990–2010 (%)House-price growth (%)
542
875
10105
1262
15130
1888
2055
24112
2870
31145
3596
39120
4483
48105
5362
58135
6493
70110
7872
85125
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?WHY IS
RENT HIGH?

Too many people are chasing too few homes. See why—and what communities can do about it.

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