The Price and Quantity of Residential Land in the United States

The Price and Quantity of Residential Land in the United States

Author: Morris A. Davis

Publisher:

Published: 2005

Total Pages: 44

ISBN-13:

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"We combine publicly available data from Freddie Mac, the Decennial Census of Housing, and the Bureau of Economic Analysis to construct the first constant-quality aggregate price index for the stock of residential land in the United States. We uncover five main results: (a) since 1970, residential land prices have grown faster but (b) have also been twice as volatile as existing home prices; (c) averaged from 1970 to 2003, the nominal stock of residential land under 1-4 unit structures accounts for 38% of the market value of the housing stock and is equal to 50% of nominal annual GDP; (d) the real stock of residential land under 1-4 unit structures has increased an average of 0.6% per year since 1970; and (e) residential investment leads the price of residential land by three quarters. We also estimate that in 2003:Q3 the nominal value of the entire stock of residential land is the same as annual GDP. Finally, we show for the US data that the logarithms of the nominal price index for residential land, disposable income, and interest rates are cointegrated"--Abstract.


Book Synopsis The Price and Quantity of Residential Land in the United States by : Morris A. Davis

Download or read book The Price and Quantity of Residential Land in the United States written by Morris A. Davis and published by . This book was released on 2005 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We combine publicly available data from Freddie Mac, the Decennial Census of Housing, and the Bureau of Economic Analysis to construct the first constant-quality aggregate price index for the stock of residential land in the United States. We uncover five main results: (a) since 1970, residential land prices have grown faster but (b) have also been twice as volatile as existing home prices; (c) averaged from 1970 to 2003, the nominal stock of residential land under 1-4 unit structures accounts for 38% of the market value of the housing stock and is equal to 50% of nominal annual GDP; (d) the real stock of residential land under 1-4 unit structures has increased an average of 0.6% per year since 1970; and (e) residential investment leads the price of residential land by three quarters. We also estimate that in 2003:Q3 the nominal value of the entire stock of residential land is the same as annual GDP. Finally, we show for the US data that the logarithms of the nominal price index for residential land, disposable income, and interest rates are cointegrated"--Abstract.


U.S. Land Prices -- Directions and Dynamics

U.S. Land Prices -- Directions and Dynamics

Author: Grace Milgram

Publisher:

Published: 1968

Total Pages: 90

ISBN-13:

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Book Synopsis U.S. Land Prices -- Directions and Dynamics by : Grace Milgram

Download or read book U.S. Land Prices -- Directions and Dynamics written by Grace Milgram and published by . This book was released on 1968 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The Price of Residential Land in Large U.S. Cities

The Price of Residential Land in Large U.S. Cities

Author: Morris A. Davis

Publisher:

Published: 2006

Total Pages: 62

ISBN-13:

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Book Synopsis The Price of Residential Land in Large U.S. Cities by : Morris A. Davis

Download or read book The Price of Residential Land in Large U.S. Cities written by Morris A. Davis and published by . This book was released on 2006 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Counting Bounty

Counting Bounty

Author: Jeffery Johnson Smith

Publisher: TrineDay

Published: 2020-10-02

Total Pages: 343

ISBN-13: 1634242998

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How much do we spend on the nature we use? Answer that and you'll know the size of your commonwealth and the coming phase of the economy. Most economists bundle land with capital or leave out land and its rent altogether—and cripple their discipline. "Geonomists", OTOH, forecast the last recession to the exact quarter. Counting Bounty highlights a widespread blindspot. Most of us overlook land and its power to twist an economy. Householders typically spend most of their budget on land —beneath their homes and within every purchase like food—without awareness. Tallying rent, this work fills in those blindspots with insights society needs to know. It's not possible to do economics without getting politics all over you. The story begins with the official and academic efforts to minimize the total worth of Earth in America. A perusal of the historical relationship between the elite and the intellectual shows that paying the piper, calling the tune, is the norm, even up to the present. Using a slew of statistics and others' research findings, I track rent to its recipients, to the rentiers who own much and wield much power. The cited sources give the story more legs to stand on than a centipede. Aware reformers can address pressing problems by tapping land value. Towns in Pennsylvania infill instead of sprawl; efficient land use conserves energy. Pittsburgh spurs urban renewal sans subsidy; cities are cash starved. Once towns in Australia experienced factory openings ... during a recession! Aspen Colorado and Hong Kong build affordable housing, narrowing inequality. Alaska and Singapore pay residents a dividend, freeing some to drop out of the rat race. Watching rent flow sheds light on how economies operate, why they sometimes fail, and what a society can do about it. As critical issues reach a tipping point, the problems that misdirecting rent causes, redirecting rent can solve. Drawing attention to the grand total for rent by itself raises the possibility of redirecting


Book Synopsis Counting Bounty by : Jeffery Johnson Smith

Download or read book Counting Bounty written by Jeffery Johnson Smith and published by TrineDay. This book was released on 2020-10-02 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: How much do we spend on the nature we use? Answer that and you'll know the size of your commonwealth and the coming phase of the economy. Most economists bundle land with capital or leave out land and its rent altogether—and cripple their discipline. "Geonomists", OTOH, forecast the last recession to the exact quarter. Counting Bounty highlights a widespread blindspot. Most of us overlook land and its power to twist an economy. Householders typically spend most of their budget on land —beneath their homes and within every purchase like food—without awareness. Tallying rent, this work fills in those blindspots with insights society needs to know. It's not possible to do economics without getting politics all over you. The story begins with the official and academic efforts to minimize the total worth of Earth in America. A perusal of the historical relationship between the elite and the intellectual shows that paying the piper, calling the tune, is the norm, even up to the present. Using a slew of statistics and others' research findings, I track rent to its recipients, to the rentiers who own much and wield much power. The cited sources give the story more legs to stand on than a centipede. Aware reformers can address pressing problems by tapping land value. Towns in Pennsylvania infill instead of sprawl; efficient land use conserves energy. Pittsburgh spurs urban renewal sans subsidy; cities are cash starved. Once towns in Australia experienced factory openings ... during a recession! Aspen Colorado and Hong Kong build affordable housing, narrowing inequality. Alaska and Singapore pay residents a dividend, freeing some to drop out of the rat race. Watching rent flow sheds light on how economies operate, why they sometimes fail, and what a society can do about it. As critical issues reach a tipping point, the problems that misdirecting rent causes, redirecting rent can solve. Drawing attention to the grand total for rent by itself raises the possibility of redirecting


Handbook on Residential Property Price Indices

Handbook on Residential Property Price Indices

Author: OECD

Publisher: OECD Publishing

Published: 2013-04-22

Total Pages: 186

ISBN-13: 9264197184

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This Handbook provides, for the first time, comprehensive guidelines for the compilation of Residential Property Price Indexes and explains in depth the methods and best practices used to calculate an RPPI.


Book Synopsis Handbook on Residential Property Price Indices by : OECD

Download or read book Handbook on Residential Property Price Indices written by OECD and published by OECD Publishing. This book was released on 2013-04-22 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook provides, for the first time, comprehensive guidelines for the compilation of Residential Property Price Indexes and explains in depth the methods and best practices used to calculate an RPPI.


Housing Market Challenges in Europe and the United States

Housing Market Challenges in Europe and the United States

Author: P. Arestis

Publisher: Springer

Published: 2009-11-18

Total Pages: 269

ISBN-13: 0230246982

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Housing finance structures and Institutional and regulatory/fiscal aspects in housing have changed significantly in recent years. This book examines the development in housing markets in Europe and the US, and looks at ways to make housing more affordable and housing market developments more stable.


Book Synopsis Housing Market Challenges in Europe and the United States by : P. Arestis

Download or read book Housing Market Challenges in Europe and the United States written by P. Arestis and published by Springer. This book was released on 2009-11-18 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing finance structures and Institutional and regulatory/fiscal aspects in housing have changed significantly in recent years. This book examines the development in housing markets in Europe and the US, and looks at ways to make housing more affordable and housing market developments more stable.


Land Use Controls

Land Use Controls

Author: Robert C. Ellickson

Publisher: Aspen Publishing

Published: 2020-10-15

Total Pages: 922

ISBN-13: 1543820786

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Land Use Controls: Cases and Materials emphasizes an interdisciplinary approach that weaves historical, social, and economic causes and effects of legal doctrine. The casebook also brings out the functional relationships between formally unrelated routes of law—statutes, ordinances, constitutional doctrines, and common law—by focusing on their practical deployment, developers, neighbors, planners, politicians, and their empirical effects on outcomes like neighborhood quality, housing supply, racial segregation, and tax burdens. A thematic framework illuminates the connections among multiple topics under land law and gives attention to the factual and political context of the cases and aftermath of decisions. Dynamic pedagogy features original introductory text, cases, notes, excerpts from law review articles, and visual aids (maps, charts, graphs) throughout. New to the Fifth Edition: A focus on affordability and the new conflicts over urban zoning A fully updated treatment of local administrative law Recent constitutional rulings, including up-to-date Supreme Court decisions on exactions and regulatory takings Thoroughly updated notes, with recent cases, law review literature, and empirical studies Professors and students will benefit from: Distinguished authorship by respected scholars and professors with a range of expertise An interdisciplinary approach combining historical, social, political, and economic perspectives and offering dynamic opportunities for analysis along with broad legal coverage Concise but comprehensive treatment of the legal issues in private and public regulation of land development, including environmental justice, building codes and subdivision regulations, and the federal role in urban development A thematic framework illuminating connections among multiple discrete topics under land law and the factual and political context of cases and aftermath of decisions Excellent coverage and dynamic pedagogy


Book Synopsis Land Use Controls by : Robert C. Ellickson

Download or read book Land Use Controls written by Robert C. Ellickson and published by Aspen Publishing. This book was released on 2020-10-15 with total page 922 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land Use Controls: Cases and Materials emphasizes an interdisciplinary approach that weaves historical, social, and economic causes and effects of legal doctrine. The casebook also brings out the functional relationships between formally unrelated routes of law—statutes, ordinances, constitutional doctrines, and common law—by focusing on their practical deployment, developers, neighbors, planners, politicians, and their empirical effects on outcomes like neighborhood quality, housing supply, racial segregation, and tax burdens. A thematic framework illuminates the connections among multiple topics under land law and gives attention to the factual and political context of the cases and aftermath of decisions. Dynamic pedagogy features original introductory text, cases, notes, excerpts from law review articles, and visual aids (maps, charts, graphs) throughout. New to the Fifth Edition: A focus on affordability and the new conflicts over urban zoning A fully updated treatment of local administrative law Recent constitutional rulings, including up-to-date Supreme Court decisions on exactions and regulatory takings Thoroughly updated notes, with recent cases, law review literature, and empirical studies Professors and students will benefit from: Distinguished authorship by respected scholars and professors with a range of expertise An interdisciplinary approach combining historical, social, political, and economic perspectives and offering dynamic opportunities for analysis along with broad legal coverage Concise but comprehensive treatment of the legal issues in private and public regulation of land development, including environmental justice, building codes and subdivision regulations, and the federal role in urban development A thematic framework illuminating connections among multiple discrete topics under land law and the factual and political context of cases and aftermath of decisions Excellent coverage and dynamic pedagogy


A New Model for Housing Finance

A New Model for Housing Finance

Author: Murtaza Baxamusa

Publisher: Routledge

Published: 2020-05-21

Total Pages: 123

ISBN-13: 1000096599

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A New Model for Housing Finance presents a thought-provoking solution to the housing crisis that follows the division of public and private money on housing costs and benefits. It brings a practical perspective on why housing is unaffordable, and what can be done about it using public and private capital. This book re-examines the foundation of housing finance in the United States with the aim to shift the paradigm from the public and private sectors working in silos, to working together. Through brief yet rigorous chapters, the book assesses the policy failures of both public and private sectors by drawing attention to the continuing human impacts of this man-made crisis, finally calling for a new model of financing housing through public–private partnerships. The limited impact and false hope of planning interventions, as well as the widespread economic impacts of the global pandemic of 2020, demonstrate the urgent need for change in our approach to housing policy, and this book lays out a path forward. It will be of interest to anyone working in or studying housing, social justice, urban planning, urban studies, and public policy.


Book Synopsis A New Model for Housing Finance by : Murtaza Baxamusa

Download or read book A New Model for Housing Finance written by Murtaza Baxamusa and published by Routledge. This book was released on 2020-05-21 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New Model for Housing Finance presents a thought-provoking solution to the housing crisis that follows the division of public and private money on housing costs and benefits. It brings a practical perspective on why housing is unaffordable, and what can be done about it using public and private capital. This book re-examines the foundation of housing finance in the United States with the aim to shift the paradigm from the public and private sectors working in silos, to working together. Through brief yet rigorous chapters, the book assesses the policy failures of both public and private sectors by drawing attention to the continuing human impacts of this man-made crisis, finally calling for a new model of financing housing through public–private partnerships. The limited impact and false hope of planning interventions, as well as the widespread economic impacts of the global pandemic of 2020, demonstrate the urgent need for change in our approach to housing policy, and this book lays out a path forward. It will be of interest to anyone working in or studying housing, social justice, urban planning, urban studies, and public policy.


One Hundred Years of Zoning and the Future of Cities

One Hundred Years of Zoning and the Future of Cities

Author: Amnon Lehavi

Publisher: Springer

Published: 2017-10-04

Total Pages: 223

ISBN-13: 3319668692

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This book reconsiders the fundamental principles of zoning and city planning over the course of the past one-hundred years, and the lessons that can be learned for the future of cities. Bringing together the contributions of leading scholars, representing diverse methodologies and academic disciplines, this book studies core questions about the functionality of cities and the goals that should be promoted via zoning and planning. It considers the increasing pace of urbanization and growth of mega cities in both developed and developing countries; changing concepts on the role of mixed-use and density zoning; new policies on inclusionary zoning as a way to facilitate urban justice and social mobility; and the effects of current macrophenomena, such as mass immigration and globalization, on the changing landscape of cities. The book’s twelve chapters are divided into four parts, each addressing different aspects of zoning and planning by combining theoretical analysis with a close observation of diverse case studies from North America and Europe to the Middle East and developing economies. Part I offers a critical analysis of the conventional account of zoning as a top-down form of land-use regulation starting with the 1916 NYC code. Part II studies how contemporary concepts of zoning, both substantive and procedural, impact the built environment across today’s cities. Part III revisits the economic foundations of zoning and urban policy in the context of domestic markets, as compared with the regulatory and market effects of interstate agreements on cross-border real estate investments. Part IV analyzes the dominant, yet often implicit social and political motives that are driving zoning policies across different countries. This volume’s focus on the ties between zoning policy and economics, politics, socioeconomic conditions, and the local-to-global scope of governance will appeal to scholars and students of political science, economics, law, planning, sustainability, geography, sociology, and architecture, as well as policy-makers and practitioners, especially those in developing countries and transitional and emerging economies.


Book Synopsis One Hundred Years of Zoning and the Future of Cities by : Amnon Lehavi

Download or read book One Hundred Years of Zoning and the Future of Cities written by Amnon Lehavi and published by Springer. This book was released on 2017-10-04 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reconsiders the fundamental principles of zoning and city planning over the course of the past one-hundred years, and the lessons that can be learned for the future of cities. Bringing together the contributions of leading scholars, representing diverse methodologies and academic disciplines, this book studies core questions about the functionality of cities and the goals that should be promoted via zoning and planning. It considers the increasing pace of urbanization and growth of mega cities in both developed and developing countries; changing concepts on the role of mixed-use and density zoning; new policies on inclusionary zoning as a way to facilitate urban justice and social mobility; and the effects of current macrophenomena, such as mass immigration and globalization, on the changing landscape of cities. The book’s twelve chapters are divided into four parts, each addressing different aspects of zoning and planning by combining theoretical analysis with a close observation of diverse case studies from North America and Europe to the Middle East and developing economies. Part I offers a critical analysis of the conventional account of zoning as a top-down form of land-use regulation starting with the 1916 NYC code. Part II studies how contemporary concepts of zoning, both substantive and procedural, impact the built environment across today’s cities. Part III revisits the economic foundations of zoning and urban policy in the context of domestic markets, as compared with the regulatory and market effects of interstate agreements on cross-border real estate investments. Part IV analyzes the dominant, yet often implicit social and political motives that are driving zoning policies across different countries. This volume’s focus on the ties between zoning policy and economics, politics, socioeconomic conditions, and the local-to-global scope of governance will appeal to scholars and students of political science, economics, law, planning, sustainability, geography, sociology, and architecture, as well as policy-makers and practitioners, especially those in developing countries and transitional and emerging economies.


Appraisal and Valuation

Appraisal and Valuation

Author: Pierluigi Morano

Publisher: Springer Nature

Published: 2020-08-10

Total Pages: 337

ISBN-13: 3030495795

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This book features a selection of the best papers presented at two recent conferences organized by the SIEV (Italian Society of Appraisal and Valuation). Taking into account the current need for evaluative skills in order to make effective and sustainable investments, it highlights the multidisciplinary role of valuation, which opens the door for interactions with other sectors, scientific and professional fields. The book collects twenty-two papers, divided into three parts (Territory & Urban Planning, Real Estate Assets & the Construction Building Process, Real Estate Finance & Property Management) that reflect the main issues of interest for future urban development policies, namely: feasibility analysis for investments; selecting which decision support models to apply in complex contexts; enhancement of public and private assets; evaluating the effects produced by territorial investments; valuation approaches to properties; risk assessment; and strategies for monitoring energy consumption and soil sealing.


Book Synopsis Appraisal and Valuation by : Pierluigi Morano

Download or read book Appraisal and Valuation written by Pierluigi Morano and published by Springer Nature. This book was released on 2020-08-10 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book features a selection of the best papers presented at two recent conferences organized by the SIEV (Italian Society of Appraisal and Valuation). Taking into account the current need for evaluative skills in order to make effective and sustainable investments, it highlights the multidisciplinary role of valuation, which opens the door for interactions with other sectors, scientific and professional fields. The book collects twenty-two papers, divided into three parts (Territory & Urban Planning, Real Estate Assets & the Construction Building Process, Real Estate Finance & Property Management) that reflect the main issues of interest for future urban development policies, namely: feasibility analysis for investments; selecting which decision support models to apply in complex contexts; enhancement of public and private assets; evaluating the effects produced by territorial investments; valuation approaches to properties; risk assessment; and strategies for monitoring energy consumption and soil sealing.