Price Elasticities of Housing Supply

C. Peter Rydell

ResearchPublished 1992

Analyzes the price elasticity of the supply of rental housing services, defined as the percentage increase in supply associated with a one percent increase in price. The purpose of the report is to predict the price changes associated with supply responses to shifts in demand. Section II analyzes each component of supply response separately. It presents price elasticities for the repair, inventory, and occupancy responses to demand shifts. It reviews the literature on all three and offers new estimates for the second and third (the estimates are based on the analysis of Annual Housing Survey data from the U.S. Census Bureau reported in Appendix B). Section III combines the three individual supply elasticities into a composite elasticity. It accomplishes the integration using a model of housing-market responses to demand shifts presented in Appendix C. The model was built during the Housing Assistance Supply Experiment to explain the housing market's response to demand shifts caused by an experimental housing allowance program.

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  • Copyright: RAND Corporation
  • Availability: Available
  • Year: 1992
  • Print Format: Paperback
  • Paperback Pages: 78
  • Paperback Price: $25.00
  • Document Number: R-2846-HUD

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RAND Style Manual
Rydell, C. Peter, Price Elasticities of Housing Supply, RAND Corporation, R-2846-HUD, 1992. As of September 9, 2024: https://www.rand.org/pubs/reports/R2846.html
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Rydell, C. Peter, Price Elasticities of Housing Supply. Santa Monica, CA: RAND Corporation, 1992. https://www.rand.org/pubs/reports/R2846.html. Also available in print form.
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