Research
Published Journal Articles
2026–2010
Does Political Partisanship Affect Housing Supply? Evidence from U.S. Cities
with Fernando Ferreira
Journal of Urban Economics (Forthcoming, 2026)
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America’s Housing Supply Problem: The Closing of the Suburban Frontier?
with Edward Glaeser
Brookings Papers on Economic Activity, Spring 2025
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Anatomy of the Beginning of the Housing Boom Across U.S. Metropolitan Areas
with Fernando Ferreira
Review of Economics and Statistics, 105(6) (2023)
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Land Finance in China: Analysis and Review
with Yang Shen, Jing Wu, and Rongjie Zhang
China Economic Review, 76 (2022)
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The Impact of Local Residential Land Use Restrictions on Land Values Across and Within Single Family Housing Markets
with Jacob Krimmel
Journal of Urban Economics, 126 (2021)
Link| Online Appendix
The Local Residential Land Use Regulatory Environment Across U.S. Housing Markets
with Jonathan Hartley and Jacob Krimmel
Journal of Urban Economics, 124 (2019)
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Singapore’s Cooling Measures and Its Housing Market
with Yongheng Deng and Lin Ting
Journal of Housing Economics, 45 (2019)
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The Role of Price Spillovers in the American Housing Boom
with Anthony DeFusco, Wenjie Ding, and Fernando Ferreira
Journal of Urban Economics, 108 (2018)
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The Economics of Housing Supply
with Edward Glaeser
Journal of Economic Perspectives, 32(1) (2018)
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Evaluating the Risk of Chinese Housing Markets
with Yongheng Deng and Wu Jing
China Economic Review, 39 (2016)
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Real Estate Collateral Value and Investment: The Case of China
with Yongheng Deng and Wu Jing
Journal of Urban Economics, 86 (2015)
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Housing Dynamics: An Urban Approach
with Edward Glaeser, Eduardo Morales, and Charles Nathanson
Journal of Urban Economics, 81 (2014)
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Does Gender Matter for Political Leadership? The Case of U.S. Mayors
with Fernando Ferreira
Journal of Public Economics, 112 (2014)
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Reconciling Theory and Empirics on the Role of Unemployment in Mortgage Default
with Joseph Tracy
Journal of Urban Economics, 80 (2014)
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Superstar Cities
with Chris Mayer and Todd Sinai
American Economic Journal: Economic Policy, 5(4) (2013)
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Housing Mobility and Housing Busts: An Update
with Fernando Ferreira and Joseph Tracy
Economic Policy Review (2012)
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Evaluating Conditions in Major Chinese Housing Markets
with Yongheng Deng and Wu Jing
Regional Science and Urban Economics, 42(3) (2012)
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Heterogeneity in Neighborhood-Level Price Growth in the U.S., 1993–2009
American Economic Review, 102(3) (2012)
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Housing Busts and Household Mobility
with Fernando Ferreira and Joseph Tracy
Journal of Urban Economics, 68(1) (2010)
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2009–2000
Do Political Parties Matter? Evidence from U.S. Cities
with Fernando Ferreira
Quarterly Journal of Economics, 124(1) (2009)
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Understanding Commercial Real Estate: How Different from Housing Is It?
Journal of Portfolio Management (2009)
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Housing Supply and Housing Bubbles
with Edward Glaeser and Albert Saiz
Journal of Urban Economics, 64(2) (2008)
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A New Measure of the Local Regulatory Environment for Housing Markets
with Albert Saiz and Anita Summers
Urban Studies, 45 (2008)
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Using Home Maintenance and Repairs to Smooth Variable Earnings
with Joseph Tracy
Review of Economics and Statistics, 88(4) (2006)
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Construction Costs and the Supply of Housing Structure
with Albert Saiz
Journal of Regional Science, 46(4) (2006)
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Urban Growth and Housing Supply
with Edward Glaeser and Raven Saks
Journal of Economic Geography, 6(1) (2006)
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Why Is Manhattan So Expensive? Regulation and the Rise in House Prices
with Edward Glaeser and Raven Saks
Journal of Law & Economics, 48(2) (2005)
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Urban Decline and Durable Housing
with Edward Glaeser
Journal of Political Economy, 113(2) (2005)
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Why Have House Prices Gone Up?
with Edward Glaeser and Raven Saks
American Economic Review, 95(2) (2005)
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Reinvestment in the Housing Stock: The Role of Construction Costs and the Supply Side
with Albert Saiz
Journal of Urban Economics, 55(2) (2004)
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The Asset Price Incidence of Capital Gains Taxes: Evidence from the Taxpayer Relief Act of 1997 and Publicly-Traded Real Estate Firms
with Todd Sinai
Journal of Public Economics, 88(7–8) (2004)
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The Spatial Distribution of Housing-Related Tax Benefits in the United States
with Todd Sinai
Real Estate Economics, 31 (2003)
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Capitalization of Federal Taxes, the Relative Price of Housing, and Urban Form
with Richard Voith
Regional Science and Urban Economics, 32 (2002)
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The Spatial Distribution of Affordable Home Loan Purchases
with Dapeng Hu
Regional Science and Urban Economics, 32 (2002)
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Financing New Urbanism Projects: Obstacles and Solutions
with Witold Rybczynski
Housing Policy Debate, 11(3) (2000)
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Changes in the Scale and Size Distribution of Metropolitan Areas
with Steven Ehrlich
Urban Studies, 37 (2000)
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1999–1987
Analyzing the Relation Among Race, Wealth, and Home Ownership in America
with Peter Linneman and Susan Wachter
Journal of Housing Research, 8 (1999)
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The REIT Vehicle: Its Value Today and in the Future
with Todd Sinai
Journal of Real Estate Research, 18 (1999)
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Place- Versus People-Based Aid and the Role of an Urban Audit in a New Urban Strategy
Cityscape, 3(3) (1998)
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The Changing Strength of Socioeconomic Factors Affecting Home Ownership in the United States: 1960–1990
Scottish Journal of Political Economy, 45(4) (1998)
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Evaluating the Costs of Increased Lending in Low and Negative Growth Markets
with Fang-xiong Gong
Real Estate Economics, 26 (1998)
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The Changing Influences of Education, Income, Family Structure, and Race on Home Ownership by Age Over Time
Journal of Housing Research, 8(1) (1997)
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The Predictability of Equity REIT Returns
with Edward Nelling
Journal of Real Estate Research, 16 (1998)
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Systematic Risk and Diversification in the Equity REIT Market
with Edward Nelling
Real Estate Economics, 24 (1996)
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Analysis of the Changing Influences on Traditional Households’ Ownership Patterns
with Peter Linneman
Journal of Urban Economics, 39 (1996)
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The Affordability of the American Dream
with Peter Linneman
Journal of Housing Research, 4 (1994)
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Leasing as a Lottery
with Richard Voith
AREUEA Journal, 1993
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What Does the Stock Market Tell Us About Real Estate Returns?
with Donald Keim
AREUEA Journal, 1992
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Local Market and National Components in House Price Appreciation
with Richard Voith
Journal of Urban Economics, 32(1) (1992)
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Impact Fees, Exclusionary Zoning, and the Density of New Development
Journal of Urban Economics, 30 (1991)
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The Structure of Local Public Finance and the Quality of Life
with Joseph Tracy
Journal of Political Economy, 99 (1991)
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Analyzing the Risk of Income-Producing Real Estate
with Peter Linneman
Urban Studies, 27(4) (1990)
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Measurement Problems in Quantifying the Distributional Effects of Subsidy Programs
with Peter Linneman
Journal of Urban Economics, 28(1) (1990)
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Rent Controls and Rental Housing Quality: A Note on the Effects of New York City’s Old Controls
with Peter Linneman
Journal of Urban Economics, 27(3) (1990)
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Local Public Sector Rent-Seeking and Its Impact on Local Land Values
with Joseph Tracy
Regional Science and Urban Economics, 19(3) (1989)
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Housing Wealth, Housing Finance, and Tenure Choice in Korea
with Jaehye Kim Han
Regional Science and Urban Economics, 19(2) (1989)
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The Importance of Local Fiscal Conditions in Analyzing Local Labor Markets
with Joseph Tracy
Journal of Political Economy, 97(5) (1989)
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On the Political Economy of Land Value Capitalization and Local Public Sector Rent-Seeking in a Tiebout Model
with Joseph Tracy
Journal of Urban Economics, 26 (1989)
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Equity and Efficiency Aspects of Rent Control: An Empirical Study of New York City
with Peter Linneman
Journal of Urban Economics, 26 (1989)
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Owner-Occupied Homes, Income-Producing Properties, and REITs as Inflation Hedges
with Peter Linneman
Journal of Real Estate Finance and Economics, 1 (1988)
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An Analysis of Public- and Private-Sector Wages Allowing for Endogenous Choices of Both Government and Union Status
with Joseph Tracy
Journal of Labor Economics, 6(2) (1988)
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Effects of Local Tax Structures on Manufacturing Activity Across Cities
Journal of Urban Economics, 22 (1987)
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Books
Rethinking Federal Housing Policy: How to Make Housing Plentiful and Affordable
with Edward Glaeser
AEI Press (2008)
Chapters & Major Reviews
Regulation and Housing Supply
with Raven Molloy
In Handbook of Regional and Urban Economics, Vol. 5A (2015)
Urban Housing Markets
In Making Cities Work (2009)
Housing Supply
Annual Review of Economics, Vol. 1 (2009)
Arbitrage in Housing Markets
In Housing and the Built Environment (2010)
Dispersion in House Price and Income Growth Across Markets
In Agglomeration Economics (2010)
Land and House Price Measurement in China
In Property Markets and Financial Stability (2012)