Construction Permits and Future Housing Supply: Implications for 2020

Famiglietti, Matthew; Garriga, Carlos; Hedlund, Aaron

doi:10.20955/es.2019.27

Cited by 4 publications

(3 citation statements)

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“…Moreover, the coefficient estimate is positive in all 40 states. These findings support the conclusion in Famiglietti et al (2019) that housing permits reflect expectations on the future of newly constructed housing units and that house permits are forward-looking. 9 Since the linear model is assumed to be symmetric, our finding also implies that fewer housing permits depress house prices.…”

Section: Resultssupporting

confidence: 85%

“…As Quigley and Rosenthal (2005) argue, caps on development, zoning limits on allowable densities, and long permit-processing delays result in fewer permits and may lead to increased housing prices. However, Famiglietti et al (2019) argue that housing permits may reflect expectations around future housing construction, thus implying that housing permits lead house prices as these permits are forward-looking (demand hypothesis). Using aggregate and regional data from the United States (US) and a graphical approach, we confirm that a decline in housing permits is occurring throughout much of the country,…”

Section: Introductionmentioning

confidence: 99%

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On the Link between House Prices and House Permits: Asymmetric Evidence from 51 States of the United States of America

Bahmani‐Oskooee¹,

Ghodsi²,

Hadzic³

2021

IRER

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Increased issuance of housing permits is said to move house prices in either direction. If perceived as an indication of a growing housing supply, house prices are expected to decline (supply hypothesis). However, a larger number of housing permits can also reflect positive expectations about future housing demand which would drive house prices upwards (demand hypothesis). We test these two competing hypotheses by using data from each state in the United States. We estimate linear and non-linear models to test if housing permit issuance determines house prices. The results show support for both the supply and demand hypotheses in the short run for most states but only for the demand hypothesis in the long run. We also uncover asymmetric short run and long-run effects in 21 states

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Section: Resultssupporting

confidence: 85%

Section: Introductionmentioning

confidence: 99%

On the Link between House Prices and House Permits: Asymmetric Evidence from 51 States of the United States of America

Bahmani‐Oskooee¹,

Ghodsi²,

Hadzic³

2021

IRER

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“…Its primacy on the ladder of life’s sustainability means that many nations across the globe are now turning toward such a resource with jealous eyes. 3 As Famiglietti (2019) has observed, “ The world’s wet regions are getting wetter and its dry areas are getting drier much more quickly than previously thought, changes that threaten the availability of fresh water and create new risks to people’s health, the food supply, and the environment .” It is thus not simply absolute global levels of change in any of the identified categories but rather their distributional inequities that bedevil resolution and so call for quintessential, HF/E-based solutions. To complete the tetrad of elemental threats, the world is now seeing air pollution of unprecedented degrees (eg Ramanathan & Feng, 2009) and when simply breathing becomes a privilege, human social organization will come under intolerable pressure.…”

Section: Incipient Challenges Embodied In Four Elementsmentioning

confidence: 99%

Quintessential Solutions to Existential Problems: How Human Factors and Ergonomics Can and Should Address the Imminent Challenges of Our Times

Hancock

2023

Hum Factors

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Objective To examine and evaluate ways in which an understanding of the quintessential element of Human Factors/Ergonomics can address the spectrum of existential threats that confront contemporary civilization. Background HF/E is dedicated to improving quality of life. Paradoxically, many processes which sustain contemporary civilization act to reduce that overall quality. Some technological developments themselves now even present existential threats to the fragile skein of civilization itself. Many disciplines address these diverse threats, and each may be advised and facilitated by HF/E knowledge and methods. It is a moral imperative of our science to contribute what we can to proposed resolutions. Method A primary conduit, by the established strengths of HF/E can contribute to potential solutions is identified. The present work advocates for specific, practical interventions using a direct-perception mediated, panopticon principle, that derives from the corpus of our science. Result Limitations upon a general, social understanding of imminent global concerns, which are largely ignorable when not actually present, are brought to immediate consciousness via an HF/E principle emphasizing the direct-perception of threat. It is argued that this, and allied HF/E insights can generate practical steps toward problem resolution at both macroscopic and localized levels of implementation. Applications The primary, practical application of the proposed panopticon principle is to use our science to save global civilization. It is postulated that this represents useful employment of the knowledge we have adduced and accumulated across our discipline’s existence.

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Crime and (price) punishment in the Chilean real estate market: the case of Santiago

Andrade¹,

Cifuentes²

2021

Crime Law Soc Change

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Construction Permits and Future Housing Supply: Implications for 2020

Cited by 4 publications

References 0 publications

On the Link between House Prices and House Permits: Asymmetric Evidence from 51 States of the United States of America

On the Link between House Prices and House Permits: Asymmetric Evidence from 51 States of the United States of America

Quintessential Solutions to Existential Problems: How Human Factors and Ergonomics Can and Should Address the Imminent Challenges of Our Times

Crime and (price) punishment in the Chilean real estate market: the case of Santiago

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