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Title: The impact of building restrictions on housing affordability

Citation Type: Journal Article

Publication Year: 2003

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Abstract: A chorus of voices appears to proclaim unanimously that America is in the midst of an affordable housing crisis. Housing and Urban Development Secretary Andrew Cuomo asserted the existence of such a crisis in his introduction to a March 2000 report that documents a continuing and growing housing affordability crisis throughout the nation. Indeed, Secretary Cuomo regularly justified aggressive requests for funding by pointing to this crisis. Advocacy groups for the poor such as the Housing Assistance Council pepper their documents with assertions that the federal government should commit to a comprehensive strategy for combating the housing affordability crisis in rural America. Trade associations such as the National Association of Home Builders decree that America is facing a silent housing affordability crisis. The National Association of Realtors agrees: there is a continuing, growing crisis in housing affordability and homeownership that is gripping our nation.

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Authors: Gyourko, Joseph; Glaeser, Edward L.

Periodical (Full): Federal Reserve Bank of New York Economic Policy Review

Issue: 6

Volume: 2003

Pages: 21-39

Data Collections: IPUMS USA

Topics: Housing and Segregation

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