The volatility of the business cycle and an extreme shortage of housing were the twin problems of American economic life in the years following the First World War. Under the…
HBTL-05: This paper discusses links among three familiar developments in US housing markets over the last quarter century: ongoing “sprawl” of housing units away from…
Ellen Seidman, Jennifer Tescher
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February 4, 2004
BABC 04-4: The paper argues that five factors have contributed to narrowing the gap between supply and demand: technological advances that lower costs and expand…