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  2. Permitting surged with the housing boom—then fell sharply.
?WHY IS
RENT HIGH?
Housing supply and booms

Permitting surged with the housing boom—then fell sharply.

Across 79 metros, permitting intensity rose through the early 2000s and dropped by 2007.

FROM THE PAPERFigure 5 · Average permitting intensity
Published year-labeled plot of average annual permitting intensity across 79 metropolitan areas from 1982 to 2007.

Source: Glaeser, Gyourko & Saiz (2008) · Figure 5; PDF p. 50

Keep in mind: This is an aggregate time pattern. The paper's supply-elasticity argument relies on comparisons beyond this chart.

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Permitting surged with the housing boom—then fell sharply.

Across 79 metros, permitting intensity rose through the early 2000s and dropped by 2007.

Source
Glaeser, Gyourko & Saiz (2008)
Figure
Figure 5 · Average permitting intensity · Figure 5; PDF p. 50
Keep in mind
This is an aggregate time pattern. The paper's supply-elasticity argument relies on comparisons beyond this chart.
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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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