Introduction: Is there a housing crisis?

Randall G. Holcombe, Benjamin Powell

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

This chapter analyzes government housing policies in the United States. Building codes raise housing prices, partly because they mandate a minimum quality of housing, but also because they require a specific type of construction that may not be the most cost-effective. The government policies that are critically examined in this chapter all have been aimed at problems that people perceive exist in housing markets. It deals with specific housing and land use policies and issues, and examines both how government policies address those issues and how market mechanisms can work as an alternative to government policy. One twenty-first century answer to rising housing prices is inclusionary zoning—the requirement that developers build “affordable” housing as a part of their developments. Policies that restrict the supply of housing and increase housing prices benefit existing homeowners who see the value of their homes rise.

Original languageEnglish
Title of host publicationHousing America
Subtitle of host publicationBuilding Out of a Crisis
PublisherTaylor and Francis
Pages1-10
Number of pages10
ISBN (Electronic)9781351514996
ISBN (Print)9781412810463
DOIs
StatePublished - Jan 1 2017

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