Business Economics

, Volume 53, Issue 2, pp 79–85 | Cite as

What is holding back housing?

  • Laurie S. GoodmanEmail author
Original Article


There are two major factors constraining the homeownership rate today: limited supply relative to net household formation and restricted credit availability. In this paper, we carefully document each of these factors, arguing that is is very difficult to fix the supply issues, as so much of the problem is local zoning laws, while steps can be taken to fix the credit availability issues. The supply/demand imbalance is currently the more significant of the two problems, as it places upward pressure on both home prices and rents.


Housing Housing supply Mortgage credit Zoning 

Supplementary material

11369_2018_75_MOESM1_ESM.xlsx (162 kb)
Supplementary material 1 (XLSX 161 kb)


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Copyright information

© National Association for Business Economics 2018

Authors and Affiliations

  1. 1.Housing Finance Policy CenterUrban InstituteWashingtonUSA

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