We provide credible estimates of the effect of duration and uncertainty in local regulatory approval times on the rate of housing production. The analysis derives from a novel dataset of development timelines for all multifamily housing projects permitted in the City of Los Angeles between 2010 and 2022. As a lower bound, simply by pulling […] The post Approval timelines really matter for housing appeared first on Marginal REVOLUTION.
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- United States of America
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- © Tyler Cowen
