International Land Development Restrictions Drive Up Housing Costs

“Smart Growth” Not So Smart Overseas

DALLAS -- The rapid rise of housing costs in the international market is the focus of a new brief released today from the National Center for Policy Analysis (NCPA).

The analysis – International Housing Affordabilityfound that housing affordability has steadily decreased abroad and in the U.S., due mainly to strict land use regulations. 

Author and NCPA Adjunct Scholar Wendell Cox concluded, “In a number of metropolitan areas around the world, house prices skyrocketed — principally because of more restrictive land use regulations that virtually prohibited new house construction on or beyond the urban fringe.

Full text of brief:

Editors’ note:  Wendell Cox is available for interviews on the report.  The survey was co-authored Hugh Pavletich of Performance Urban Planning.

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