Less restrictive reforms were followed by faster housing growth.

The two groups track similarly before reform and separate gradually afterward.

FROM THE PAPERFigure 2 · Average number of addresses before and after reform

Source: Stacy et al. (2023) · Figure 2; PDF p. 11

Keep in mind: The reforms differ across cities, and the observational design cannot eliminate every reason places reform when they do.

Share the evidence

The two groups track similarly before reform and separate gradually afterward.

Source: Stacy et al. (2023)
Figure: Figure 2 · Average number of addresses before and after reform · Figure 2; PDF p. 11
Keep in mind: The reforms differ across cities, and the observational design cannot eliminate every reason places reform when they do.

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