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The effect of minimum parking requirements on the housing stock

Author

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  • Andersson, Matts
  • Mandell, Svante
  • Thörn, Helena Braun
  • Gomér, Ylva

Abstract

The cost of parking is in many cities subsidized and instead channelled through higher housing prices, wages, taxes, etc. The effects on other markets are principally well known, but the work on the area is limited. In this paper, we study how parking norms affect the size of the housing stock. Our analysis is based on a model of the rental, asset- and construction markets, the results are quality-assured by interviews with market actors. Prices and profits are affected when constructors are forced, through parking norms, to build more parking spaces than the customers demand. Parking norms reduce the housing stock by 1.2% and increase rents by 2.4% (SEK 300) in our example suburb.

Suggested Citation

  • Andersson, Matts & Mandell, Svante & Thörn, Helena Braun & Gomér, Ylva, 2016. "The effect of minimum parking requirements on the housing stock," Transport Policy, Elsevier, vol. 49(C), pages 206-215.
    • Handle: RePEc:eee:trapol:v:49:y:2016:i:c:p:206-215
    DOI: 10.1016/j.tranpol.2016.05.005
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    References listed on IDEAS

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    Cited by:

    1. Thumm, Alex Jürgen & Perl, Anthony, 2020. "Puzzling over parking: Assessing the transitional parking requirement in Vancouver, British Columbia," Transportation Research Part A: Policy and Practice, Elsevier, vol. 139(C), pages 85-101.
    2. Fredrik Johansson & Greger Henriksson & Pelle Envall, 2019. "Moving to Private-Car-Restricted and Mobility-Served Neighborhoods: The Unspectacular Workings of a Progressive Mobility Plan," Sustainability, MDPI, vol. 11(22), pages 1-19, November.
    3. De Gruyter, Chris & Davies, Liam & Truong, Long T., 2021. "Examining spatial variations in minimum residential parking requirements in Melbourne," Journal of Transport Geography, Elsevier, vol. 94(C).

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    More about this item

    Keywords

    R31; R42; R48; Parking norms; Housing market; Construction;
    All these keywords.

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy

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