IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/19629.html

The Determinants of Local Housing Supply in England

Author

Listed:
  • Drayton, Elaine
  • Levell, Peter
  • Sturrock, David

Abstract

We estimate local housing supply elasticities for 325 local authorities and 6,788 census tract areas in England. We examine how housing supply responds to price changes across small areas and how this varies according to a rich set of geographic and policy constraints. Our central estimate for the average elasticity of relative local supply with respect to price across local authorities is 0.14 over a period of 25 years between 1996 and 2021. This is low compared to estimates from other countries. Elasticities are lower in areas with less land available for development, greater differences in elevation, higher historical population density and in areas where local planning authorities had a greater historic tendency to reject new developments. We also find that urban density and constraints on the amount of available land have stronger negative effects on the supply of larger properties than properties with fewer bedrooms.

Suggested Citation

  • Drayton, Elaine & Levell, Peter & Sturrock, David, 2024. "The Determinants of Local Housing Supply in England," CEPR Discussion Papers 19629, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:19629
    as

    Download full text from publisher

    File URL: https://cepr.org/publications/DP19629
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:19629. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CEPR (email available below). General contact details of provider: https://cepr.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.