Urban Institute

Does Upzoning Reduce Housing Prices?

A recent careful study says no, but it suffers from unavoidable data and conceptual problems.

A new study on upzoning is out from the highly-respected Urban Institute, and it doesn’t have great news for YIMBYs: We find that reforms that loosen restrictions are associated with a statistically significant 0.8 percent increase in housing supply within three to nine years of reform passage, accounting for new and existing stock. This increase …

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