Panel: Housing Supply and the Affordability Crisis: New Evidence from Local Policies
(Housing, Community Development, and Urban Policy)

Friday, November 8, 2019: 3:15 PM-4:45 PM
I.M Pei Tower: Terrace Level, Columbine (Sheraton Denver Downtown)

*Names in bold indicate Presenter

Organizer:  Anthony Orlando, California State Polytechnic University, Pomona
Panel Chair:  Nicholas Marantz, University of California, Irvine
Discussants:  Evan Mast, W.E. Upjohn Institute for Employment Research and Jaclene Begley, Fannie Mae

The rental affordability crisis in major U.S. cities has focused researchers' and policymakers' attention on housing supply. At a time when rents are higher than ever before -- and the percentage of cost-burdened households has reached levels unseen in the modern age -- most neighborhoods are producing far less housing than they did in previous economic expansions. What obstacles are preventing supply from meeting demand? Previous research has demonstrated the importance of regulatory stringency and neighborhood opposition, but it has left open important questions about which regulations are most binding, how and why they are enacted, where housing supply is being constrained the most, and what policies have been effective in relieving some of the pressure on rents by facilitating the construction of affordable housing. The papers in this panel begin to answer these questions using exciting new evidence at the local level, applied with sophisticated spatial techniques that allow neighborhood-by-neighborhood analyses revealing far more variation in policies and outcomes. The result is a more tangible, targeted, and testable set of research findings for housing policy to improve its response to this crisis on the ground where it matters.

How Do Cities in California Limit Housing Production? Process Vs. Prohibition in Local Land Use Regulations
Paavo Monkkonen, Michael Lens and Michael Manville, University of California, Los Angeles

What Is This “Supply” You Speak of? Construction, Renovation, and the True Meaning of New Housing
Anthony Orlando, California State Polytechnic University, Pomona and Christian Redfearn, University of Southern California

Is California’s Apartment Market Broken? the Relationship between Zoning, Rents, and Multifamily Development
Cecile Murray, University of Chicago and Jenny Schuetz, Brookings Institution