Housing Supply: The Other Half of the Market A Note from the Editor

Housing Supply: The Other Half of the Market A Note from the Editor Journal of Real Estate Finance and Economics, 18:1, 5±7 (1999) # 1999 Kluwer Academic Publishers, Boston. Manufactured in The Netherlands. Housing Supply: The Other Half of the Market A Note from the Editor STUART S. ROSENTHAL Department of Economics, Virginia Polytechnic Institute and State University, Blacksburg, VA 24061-0316, e-mail: ssrosen@vt.edu When I ®rst read Edgar Olsen's (1987) excellent review of the literature on the demand and supply for housing several years ago I was reminded of a pamphlet I saw during graduate school. The pamphlet purported to be a guide to climbing and ®shing at one of Wisconsin's more obscure parks and included a description of various climbing opportunities. On its last page, the pamphlet reported that there was no ®shing at the area. By contrast, Olsen's review examines the lessons learned from a large amount of literature on housing demand but then concludes that there is a comparative dearth of research on housing supply. While the literature on housing supply (and demand) has certainly grown in the last ten years, housing supply remains enormously understudied relative to demand, a situation that at ®rst glance is puzzling since housing supply comprises half of the housing market. Why then has http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Journal of Real Estate Finance and Economics Springer Journals

Housing Supply: The Other Half of the Market A Note from the Editor

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Kluwer Academic Publishers
Copyright © 1999 by Kluwer Academic Publishers
Economics; Regional/Spatial Science; Financial Services
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