Joseph Gyourko

Email | 215-898-3003
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Contact Information:
Department of Real Estate
The Wharton School
1480 Steinberg-Dietrich Hall
3620 Locust Walk
Philadelphia, PA 19104-6302

Email: gyourko@wharton.upenn.edu
Phone: (215) 898-3003

Joe Gyourko is the Martin Bucksbaum Professor of Real Estate, Finance and Business & Public Policy at The Wharton School of the University of Pennsylvania. He served as the Nancy Nasher and David Haemiseggar Director of the Zell/Lurie Real Estate Center at Wharton for the past quarter century, and he is a past Chair of the Wharton Real Estate Department. Professor Gyourko’s research interests include housing markets in the United States and China, real estate finance and investments, and urban economics. He is a Research Associate of the National Bureau of Economic Research (NBER) and served as Co-Director of the special NBER Project on Housing Markets and the Financial Crisis. Professor Gyourko served as co-editor of the Journal of Urban Economics and serves on various journal editorial boards. Professor Gyourko is a past Trustee of the Urban Land Institute (ULI) and a past member of the Board of Directors of the Pension Real Estate Association (PREA). Finally, he consults for various private firms on real estate investment and policy matters and is a Nonresident Senior Fellow at the Brookings Institution.

Current Working Papers

Measuring Neighborhood Change: The Issue of Ex Post Borders with Edward L. Glaeser and Braydon Neiszner NBER Working Paper 34238 (September 2025)
Link

Why Has Construction Productivity Stagnated? The Role of Land Use Regulation with Leonardo D’Amico, Edward Glaeser, William Kerr, and Giacomo A.M. Ponzetto NBER Working Paper 33188 (November 2024)
Link

The Distaste for Housing Density with Sean McCulloch NBER Working Paper 33078 (October 2024)
Link

Wharton Residential Land Use Regulatory Index (WRLURI)

The 2019 and 2008 WRLURI index may be downloaded below.

Citations:

2019: “The Local Residential Land Use Regulatory Environment Across U.S. Housing Markets: Evidence from a New Wharton Index”, Journal of Urban Economics, Vol. 124 (July 2019).

2008: “A New Measure of the Local Regulatory Environment for Housing Markets”, Urban Studies, Vol. 45, no. 3 (2008).

China Residential Land Price Index (CRLPI)

Download CRLPI Data (.zip)

Citations:

“Evaluating Conditions in Major Chinese Housing Markets”, Regional Science and Urban Economics, 42(3) (2012).