Local economic conditions and the nature of new housing supply
研究了地方经济状况如何影响城市新建住房的类型和大小，发现正向收入冲击会增加多户住宅比例并促使建造更小单元，这些变化主要由人口迁移驱动。
Abstract We explore the effects of local economic conditions on the type and size of newly constructed housing units in a city. Exploiting the 1984–2004 metro area samples of the American Housing Survey and US Census building permit data from 1980 to 2018, we find that positive local income shocks (i) increase a city’s share of multi-family housing in new construction and (ii) trigger the construction of smaller units. These responses are driven by migration. Our findings are consistent with a modified open monocentric city model that more realistically assumes land is available for conversion into new housing throughout the city.