An Empirical Examination of Traditional Neighborhood Development
研究新城市主义社区对独栋住宅价格的影响，发现购房者为此类社区支付溢价，且溢价并非由房屋年龄等特征差异导致。
This study analyzes the impact of the new urbanism on single‐family home prices. Specifically, we explore the price differential that homebuyers pay for houses in new urbanist developments relative to houses in conventional suburban developments. Using data on over 5,000 single‐family home sales from 1994 to 1997 in three different neighborhoods, hedonic regression results reveal that consumers pay more for homes in new urbanist communities than those in conventional suburban developments. Further analyses indicate that the price premium is not attributable to differences in improvement age and other housing characteristics.