Can More Housing Supply Solve the Affordability Crisis? Evidence from a Neighborhood Choice Model

Finance and Economic Discussion Series 2018-035, April 2018

By: Federal Reserve Board

https://www.federalreserve.gov/econres/feds/files/2018035pap.pdf
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Affordable Housing Programs  |  Housing Supply Planning

This report examines the relationship between housing supply and affordability. It concludes that rental rates are more closely related to neighborhood amenities than supply and suggests that improving low-cost neighborhoods could help drive down the price of housing in high-cost neighborhoods.