The Economic Impact of Restricting Housing Supply

May 22, 2006
Edward Glaeser (Glimp Professor of Economics, Harvard University)

This policy brief by Edward Glaeser, a professor of economics at Harvard University and director of the Rappaport Institute, was presented at the Federal Reserve Bank of Boston during the "Housing and the Economy in Greater Boston" conference on May 22, 2006. His research concluded that if greater Boston chooses to continue limiting growth, it should be aware that it will end up with a small region, with highly volatile prices and that big price increases are likely to decreases in future prices and incomes. The event was co-sponsored by the Rappaport Institute for Greater Boston at Harvard’s Kennedy School of Government and the Federal Reserve Bank of Boston’s New England Public Policy Center.