New supply lowers rents across the quality distribution.
Every rent-quality decile has a negative estimate; the vertical bars show 95% confidence intervals.
REDRAWN FROM STUDY DATAFigure 3 · Impact of new housing supply on the distribution of rents
Figure 3 · Impact of new housing supply on the distribution of rents. Values digitized from Figure 3 and centered on the authors’ reported average elasticity of −0.19 in the archived publication; minor reading error is possible.