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The other side of Eight Mile: suburban population and housing supply.
- Article from:
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Real Estate Economics
- Article date:
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September 22, 2005
- Author:
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Copyright informationCOPYRIGHT 2005 American Real Estate & Economics Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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This article establishes a linkage between decadal changes in suburban population and the supply of suburban dwelling units. It then estimates an econometric supply-and-demand model for 317 U.S. suburban areas for the 1970s, 1980s and 1990s using the State of the Cities database. Suburban supply is more elastic than central city supply, with suburban estimates between +1.26 and +1.42. However, separate estimates by geographic region lead to supply elasticities of +0.89 for the northeastern quadrant of the United States and +1.86 for the remainder of the United States.
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This article addresses issues of population change and housing supply in U.S. suburbs. ...
<0) in D. Similarly, an initially high central city [[rho].sub.c] would predict a central city user cost decrease relative to the city center, or a rise ([[phi].sub.c]>
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