Download or read book Essays on Land Development Housing Markets and Environment written by Haoying Wang and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation research takes three different approaches to study the urban land development process, mainly from a supply side perspective. The three approaches are organized into different essay chapters. Each chapter has its independent framework and methodology. Chapter 2 uses numerical optimization methods to explore how residential households allocate across space with introduction of distance related amenity/disamenity, as well as under nonmonocentric urban spatial structure. Chapter 3 proposes an agent-based simulation of housing market and land development to understand the role of home improvement as part of housing supply. An important feature of the proposed agent-based simulation model is that it allows for neighborhood spillover effects among home improvement activities. Chapter 4 assembles a micro panel data to empirically investigate the relationship between manufacturing decline and increased residential land development in Allegheny county, PA. One policy implication of the results is that, there might be a significant underestimate of household willingness to pay (WTP) for better air quality, due to the supply side effect of manufacturing decline induced air quality change.
Download or read book Housing Markets and the Economy written by Karl E. Case and published by Lincoln Inst of Land Policy. This book was released on 2009 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the work of Karl "Chip" Case, who is renowned for his scientific contributions to the economics of housing and public policy, this is a must read during a time of restructuring our nation's system of housing finance.
Download or read book Three Essays on Housing Markets Urban Land Use and the Environment written by Jae-Wan Ahn and published by . This book was released on 2019 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is a highly urbanized nation. Today, with a growing number of people living in cities, a better understanding of how changes within urban areas impact the well-being of residents has important implications for policymakers and communities. The urban spatial structure of these cities is continually evolving, and in different ways across cities. This changing urban environment has substantial impacts on health and well-being. This dissertation takes a comprehensive view of social welfare from a policy perspective, including questions related to environmental degradation and public health, in order to scrutinize how urban gradients and urban spatial structures yield different consequences and affect residents in various ways. My first chapter explores how changing urbanization patterns in the United States influences air quality outcomes. Specifically, I seek to answer whether more compact forms of residential development result in better air quality relative to more sprawling patterns. I use spatially explicit data on air pollution and residential development, including over 6 million observations on new housing from tax assessment data, across large metropolitan areas to reveal a causal link between urban sprawl and air pollution from vehicle traffic. I find that compact cities experience a larger reduction in nitrogen dioxide and ozone compared with sprawling cities. In my second chapter, I explore the health benefits of urban green space. In order to better understand the impacts of urban green space on health outcomes, I examine the effects of city park area on mortality rates from cardiovascular disease among the elderly. I combine city park data with data on mortality rates, behavioral risk factors, and socioeconomic characteristics to conduct comparative case studies utilizing a synthetic control method. I select cities with significantly increased and reduced park area and examine how health benefits vary compared to cities where park area has not expanded. My results indicate that cities with increased park area experience a larger reduction in cardiovascular mortality for the elderly compared to their synthetic counterparts, although cities with reduced park area fail to show that there is a negative causal link between the reduction of parkland and cardiovascular mortality. In my third chapter, I study spatial variations in housing market resilience within and across U.S. metropolitan areas. I investigate how residential housing markets respond to the economic boom and bust periods before, during and after the Great Recession across urban, suburban, and exurban areas. Using over 15 million observations of housing sales across the largest 51 metropolitan areas of over one million population, this essay focuses on variations across census tracts to trace the path of housing prices at the neighborhood level. The results indicate that, relative to suburban and exurban areas, housing markets in urban areas were harder hit during the recession but recovered faster after the market crash. Urban and exurban housing markets within cities with high geographical restrictions fell to a similar extent during the bust. I also find that the West region was particularly volatile during this sample period.
Download or read book Three Essays on Environmental and Spatial Based Valuation of Urban Land and Housing written by Lu Liu and published by . This book was released on 2010 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation attempts to provide a comprehensive examination on the non-market valuation of the effect of open space amenities and local public infrastructure on the value of urban land and housing with both spatial heterogeneity and project heterogeneity. The demand for raw land is a derived demand for housing built on it. Therefore, we need to examine the land market and the housing market together. On the one hand, we estimate the value of urban land in a market that does not satisfy the usual assumptions of a competitive market structure as well as incentive incompatibility issues for transaction participants, with an application to a Chinese regional wholesale land market. These two violations to the traditional hedonic theory also generate two separate valuations on land with differentiated characteristics. On the other hand, we utilize the relative plane coordinates system, the three-dimensional distances, as well as the aggregate weight matrix, to implement the spatial hedonic estimation on the high-rise residential buildings in the same regional housing retail market in China. After these two steps, this dissertation, therefore, focuses on the profit maximization behavior of the property developer, which is the key role to link the factor market (i.e., the land market) and the commodity market (i.e., the housing market) together. Two methods are then employed to implement the hypothesis test on the hedonic price estimation including both inputs and outputs. First, a set of partial derivatives of the profit function with respect to various characteristics gives us the relationship between the marginal valuations in the land market and in the housing market. Second, we introduce a joint estimation approach that we call the spatial full information maximum likelihood (SFIML), which considers the land market, the housing market, and the property developer's profit maximization behavior all together in the estimation. Finally, we conduct a hypothesis test in both of these two scenarios to examine the validity of our linked markets assumption on the hedonic price estimation.
Download or read book Urban Land Markets written by Somik V. Lall and published by Springer Science & Business Media. This book was released on 2009-10-07 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: As urbanization progresses at a remarkable pace, policy makers and analysts come to understand and agree on key features that will make this process more efficient and inclusive, leading to gains in the welfare of citizens. Drawing on insights from economic geography and two centuries of experience in developed countries, the World Bank’s World Development Report 2009: Reshaping Economic Geography emphasizes key aspects that are fundamental to ensuring an efficient rural-urban transformation. Critical among these are land, as the most important resource, and well-functioning land markets. Regardless of the stage of urbanization, flexible and forward-looking institu- ons that help the efficient functioning of land markets are the bedrock of succe- ful urbanization strategies. In particular, institutional arrangements for allocating land rights and for managing and regulating land use have significant implica- ons for how cities deliver agglomeration economies and improve the welfare of their residents. Property rights, well-functioning land markets, and the management and servicing of land required to accommodate urban expansion and provide trunk infrastructure are all topics that arise as regions progress from incipient urbani- tion to medium and high density.
Download or read book Discussion papers written by Mona Serageldin and published by . This book was released on 1991 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Land for Housing written by Kelley S. Roark and published by . This book was released on 1985 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Methodology For Land And Housing Market Analysis written by Gareth Jones and published by Routledge. This book was released on 2003-12-08 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is to bring methods of land-market and land-price analysis to the foreground. It relates substantive research findings for land and urban development and blends these with a focus on research design and methodology. Its findings have relevance beyond the topics of housing and land: it broaches the whole question of how research design and general approach may lead to fundamentally different findings, different priorities, and different policy prescriptions and preoccupations. It is based on work done in the Third World, but is also relevant to studies of the industrialized world.
Download or read book Land and the Housing Market written by Guillaume Chapelle and published by . This book was released on 2017 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation analyzes the mechanisms of the French housing market documenting its constraints and the impact of several housing policies. It aims to increase our understanding of the mechanisms at work on this very particular market where land has a key role. The first chapter tries to document the place of land through the past decades. Some economists have been documenting a steady decline of its importance during the XIX and XX centuries. However, such decline was progressively balanced by the sharp appreciation of housing wealth and more particularly its land component. The second chapter tries to understand the origin of this rise in residential land value documenting one of the key parameter of the housing market: the supply elasticity of the French urban areas. This chapter starts defining two different concepts related with the supply elasticity. The first one is the intensive margin supply elasticity and designates the reaction of developers following a short run increase in housing prices. The second one describes how real estate price vary when a city is growing. It shows that French urban areas are less elastic than their US counterparts. The third chapter uses a natural experiment, the Scellier Housing Tax Credit (STC) and shows that it had a limited quantitative impact on the housing production. The fourth chapter documents the crowding out effect of private construction by social housing.
Download or read book The Land Use Policy Debate in the United States written by Judith I. de Neufville and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much of the preparation of this book has been generously supported by the Lincoln Institute of Land Policy, Cambridge, Massachusetts. It evolved from a colloquium held in October 1977, under the sponsorship of the Lincoln Institute. The three-day symposium entitled "Land Policy: Making the Value Choices" involved the preparation of major papers and formal discussions, most of which appear here in considerably revised form, along with additional pieces commis sioned later. The colloquium was an idea jointly conceived by myself and Edward Wood, a colleague at the time in the Tufts University Program in Urban Social and Environmental Policy. We were concerned about two major limitations in the literature and debates over land use. On the one hand, there was little explicit recognition of the latent values that motivated land use policy. On the other, there was no common forum where people from the different land use fields could discuss the issues and learn from one another. A small group of about two dozen people was invited to the colloquium. Each member was a leading spokesman for a different perspective and area of expertise. All participated formally in some fashion. All the papers were written expressly for the col loquium, with the exception of Ann Strong's, which was a keynote address to the American Society of Planning Officials earlier in the year. None of the papers has been published elsewhere.
Download or read book Recent Perspectives in Urban Land Economics written by Richard Updegraff Ratcliff and published by Urban Land Economics Division Faculty of Commerce and Bus SS. This book was released on 1976 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Future Land Use written by Robert W. Burchell and published by Cupr/Transaction. This book was released on 1976-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing in the United States appears to be constantly in the throes of -crises.- The public perception of American domestic crises (including housing) does not reflect changes in real conditions as much as it reflects a cycle of heightened public interest followed by boredom with the issue in question. As one tries to envision the future of housing in the US, one must not develop a trend based upon the temporary vagaries of the moment. In this volume, the editors discuss the long-term elements that serve to define the matrix within which future housing markets must operate. Future Land Use depicts the underlying stability and consistency of American life; the long-term socio-demographic trends; the alternative living arrangements that seem to be emerging; the new attitudes toward urban growth and their legal manifestation; the limitations imposed by the environmental movement; the considerations imposed by a changing energy supply; and the dilemmas arising from the intersection of these trends and forces. Robert W. Burchell and David Listokin conclude that despite changing conditions, the long-term dream of owning a single-family house will still be a goal for most Americans. In a society in which the drafting of a press release may be much more important than its content, in which banners are used as surrogates for reality, how do we all come to grips with weighing and evaluating the parameters that must be considered? The immediate topic of the papers and discussion in Future Land Use raises a challenge for popular government and a clash between immediate comfort and longer-range need.
Download or read book Quality Housing Environment for Rural Low income Families Papers written by and published by . This book was released on 1980 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Property and Planning written by Graham Squires and published by Routledge. This book was released on 2021-11-29 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces the interlocking disciplines of property and planning to economic theory and practice. Unlike any other available textbook, The Economics of Property and Planning skilfully introduces the reader to the interplay between property and planning using an economic lens. As resources become scarce, there is a growing need for students to understand the principles of economics in property and planning, especially given the rapid social, environmental, technological, and political changes that are shaping places. The book begins with an outline of key economists and economic problems, then resources and scarcity, before examining macro- and microeconomic factors at play in property and planning. Furthermore, this book covers a variety of topics, including spatial and locational modelling, fiscal approaches to redistribution, regeneration and renewal, and transport and infrastructure financing. There is also a particular focus on contemporary issues such as climate change, environmental limits to economic growth, sustainability and resilience, and affordable housing. This book also introduces practical evaluation tools and appraisal, plus a look at property and planning with respect to macroeconomic objectives, policy, and new directions. With property and planning essential factors in economic thinking and doing, this book provides insight into what future places will look like in real terms and how they will be shaped by policy. Targeted disciplines for this book include Economics, Planning, Property, Construction, Geography, Environmental Management, Sustainability, Housing, Built Environment, Land Economy, Urban Studies, Regional Studies, and Public Policy.
Download or read book The Role of Government in the Housing Market written by and published by UN-HABITAT. This book was released on 2008 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Land Policy Boom bust Real Estate Markets written by Jonathan D. Cheney and published by . This book was released on 1994 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: U.S. land and real estate markets went on a roller coaster ride in the 1980s and early 1990s. The combination of economic growth, demographic change, and federal tax and banking policies that stimulated this boom-bust cycle affected regional economic performance, the affordability of housing, and local governments' fiscal health. This report discusses whether and how local government should attempt to mitigate the effects of such cycles and examines a range of available land and tax policy tools.
Download or read book The Local Residential Land Use Regulatory Environment Across U S Housing Markets written by Joseph E. Gyourko and published by . This book was released on 2019 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: We report results from a new survey of local residential land use regulatory regimes for over 2,450 primarily suburban communities across the U.S. The most highly regulated markets are on the two coasts, with the San Francisco and New York City metropolitan areas being the most highly regulated according to our metric. Comparing our new data to that from a previous survey finds that the housing bust associated with the Great Recession did not lead any major market that previously was highly regulated to reverse course and deregulate to any significant extent. Moreover, regulation in most large coastal markets increased over time.
