Expanding developed land alone did not predict slower price growth.

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

FROM THE PAPERFigure 6 · Price growth and developed land

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

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

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

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