In Brief
Public policy plays a significant role in shaping a region's housing stock. Sound policy can lead to better results - encouraging sufficient housing to meet demand without burdening infrastructure and the environment. , Project Director and Senior Economist at ECONorthwest, and Marley Buchman, an Associate at ECONorthwest, examined the economic effects of high-density, transit-oriented development.
Dr. Wilkerson and Mr. Buchman estimated the supply elasticities of housing and the underproduction of housing from 2000-2015 nationally and for each state.
They simulated different scenarios, comparing current development patterns with high-density housing located close to transit. REMI offered a guest webinar by them on Wednesday, January 24th . Based on their analysis, they evaluated the economic and environmental implications for alternative housing policies.