Jason Sorens on Housing Supply Liberalization and Recent Research

Jason Sorens discusses his article about three recent papers that might lend support to opponents of liberalization. One paper finds that housing supply has no long-run effect on local rents, while two others find that restricting housing supply might translate into amenities. Sorens argues that the evidence so far still supports the conclusion that supply-side zoning liberalization typically lowers local rents over meaningful time horizons without generating disamenities substantial enough to overcome the welfare benefits of liberalization.