International Land Development Restrictions Drive Up Housing Costs
“Smart Growth” Not So Smart Overseas
October 25, 2011
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 Affordability – found 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: http://www.ncpa.org/pub/ba756
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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