Housing Supply and Affordability

Raven Molloy, Charles G. Nathanson, and Andrew Paciorek

Although regulatory restrictions on new construction raise house prices, they have much smaller effects on rents and the size of new homes.


Trickle-down housing economics

Charles G. Nathanson

Expanding Boston’s housing stock by 1.4% annually—by building mostly low-quality units—could stop poor households from being priced out of the metropolitan area.


Speculative dynamics of prices and volume

Anthony A. DeFusco, Charles G. Nathanson, and Eric Zwick
Revision requested, Journal of Finance

Volume cycles in bubbles due to the entry and exit of short-term investors, who sell frequently.