England: Local Restrictions, Local Monopolies, & Construction Lags
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The slow rate at which residential construction sites are built out in England, known as "construction lags" or "build-out rates," has important implications for housing affordability and economic dynamics. Construction lags are crucial for explaining property price dynamics in theoretical models, yet we must learn more about their duration or determinants in practice.
England: Local Restrictions, Local Monopolies, & Construction Lags
England: Local Restrictions, Local…
England: Local Restrictions, Local Monopolies, & Construction Lags
The slow rate at which residential construction sites are built out in England, known as "construction lags" or "build-out rates," has important implications for housing affordability and economic dynamics. Construction lags are crucial for explaining property price dynamics in theoretical models, yet we must learn more about their duration or determinants in practice.