Ireland: Housing supply more responsive to costs than prices
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A paper (Housing prices, costs, and policy: The housing supply equation in Ireland since 1970 from Maximilian Günnewig-Mönert and Ronan C. Lyons) examines the determinants of new housing supply in Ireland from 1970 to 2022. Using various methods and data series, they find that supply is more responsive to changes in construction costs than housing prices.
Ireland: Housing supply more responsive to costs than prices
Ireland: Housing supply more responsive to…
Ireland: Housing supply more responsive to costs than prices
A paper (Housing prices, costs, and policy: The housing supply equation in Ireland since 1970 from Maximilian Günnewig-Mönert and Ronan C. Lyons) examines the determinants of new housing supply in Ireland from 1970 to 2022. Using various methods and data series, they find that supply is more responsive to changes in construction costs than housing prices.