Housing Supply Research Articles

Monetary Policy, Homeowner Balance Sheet Channel, and Integration: A Lesson from South Korea during the 2000s

We estimate the household consumption function using the Korean labor and income panel data (2001-2012) with the instrument of the housing supply to figure out the homeowner balance sheet channel of monetary policy in South Korea during the 2000s and the early 2010s. We find that monetary policy has a significant effect through both the wealth and collateral effects comprising the homeowner balance sheet transmission channel. Furthermore, the wealth effect shows a significant result across all income quantile groups, whereas the collateral effect is significant in the low- and middle-income quantile groups. This finding implies that the lower-income groups are more sensitive to changes in the value of real estate assets. Based on the analysis, we derive policy implication that socio-economic integration will be enhanced under the considerately targetted monetary policy, which is a lesson for the emerging or developing countries whose current economic situation is similar to the past South Korea.

The Politics of Health in the Lusophone Libertarian Movement: Portugal and Mozambique, 1910–1935

AbstractSignificant advances in the study of the historic labor movement have entailed new work on the intersection between political parties, trade unions and subjects such as ‘race’, colonialism, sexuality, masculinity, and the reception of scientific ideas. The intersections between the labor movement and the politics of health, however, have been neglected to date both in labor studies and in social studies of health care and provision. This article builds on my on-going research into the dynamics of the Lusophone (Portuguese-speaking) labor movement in the form of anarchism and syndicalism and explores, specifically, the reception of ideas on health and the attainment of healthy working conditions and lifestyles as a central aim of these working-class movements. This study examines, among other aspects, the reception of ideas on nutrition, medical care, the provision of hospitals, the responsibility of medical professionals, sexual health, the consumption of alcohol and the provision of quality housing for workers within a framework that critiqued capitalism and the state and the relations they fostered.A further dimension is incorporated into this study. This is the colonial dynamic at play between Portugal and its colonies, in this case Mozambique. What were the relations between the Portuguese syndicalist movement and the emerging trade union movement in Mozambique? To what degree did concerns in Portugal over issues of health find resonance in this African colony's labor movement? To what degree was the largely white labor movement in Mozambique attuned to local knowledge on health and racial issues surrounding health? What specific aspects of health and medicine were broached in the colony and how did these interact with an anticolonial critique and discourses and practices of ‘tropical medicine’?This study, through a detailed analysis of a range of libertarian periodicals in Portugal and Mozambique during the movement’s period of maximum influence provides responses to these questions and makes a contribution to transnational research on labour movements through the interconnecting linguistic and class dynamics of the Lusophone world.

Inadequate Social Housing and Health: The Case of Oliver Bond House, The Liberties, Dublin

Background Inadequate housing is an important social justice issue that adversely affects health. Methods Drawing on an extended ethnography case study, this paper presents the results of a resident-led survey to highlight the health consequences of inadequate social housing, as residents wait for a ‘fair regeneration’ of their social housing ‘flats’ estate within a gentrifying inner-city Dublin neighbourhood. Results Four key concerns were identified by residents as part of this analysis: (1) substandard housing conditions which are physically harmful to health; (2) the emotional toll of an unsafe social environment; (3) lack of child friendly and community green spaces; and (4) constrained mobility due to inaccessible housing design. Conclusions The results highlight the urgent need to place greater priority on the maintenance of the existing social housing stock and demonstrate the need for public housing policies that recognize the quality and quantity of adequate housing provision, where care is at the heart of housing policies. The paper also presents a novel ‘City of Care’ framework, following the need to develop an ethics of care within cities where public health, community wellbeing, solidarity, residents’ empowerment, and social justice principles are at the forefront. Given that housing is an essential contributor to good health, it is now time for a joint public housing and public health agenda to create healthier homes by confronting the everyday impact of inadequate housing to tackle social inequalities more broadly.

If you build it, who will come? Exploring the effects of rapid transit on residential movements in Metro Vancouver

As cities across the world embrace the benefits of rapid transit technology and invest in the expansion of existing infrastructure or plan for the introduction of new lines, the differences in both benefits and externalities that bus rapid transit (BRT) and rail rapid transit (RRT) bring remain unclear. This study aimed to address that gap and understand whether there was a distinction in impacts on the residential migration of households in different income and residential tenure groups as the result of BRT and RRT projects. This was achieved by exploring the effects of both modes in the same metropolitan region—metro Vancouver. This study used three BRT and three RRT lines that were in service for all or part of the 20 years spanning 1996 through 2016 to assess the rates of in-movement of households by income in Census Tracts (CTs) within 800 meters (½-mile) of a given rapid line. Our analysis suggested that areas adjacent to the Expo-Millennium RRT Corridor saw fewer in-movers between the 2001 Census and the 2016 Census than the areas without rapid transit infrastructure, while the same was true for the CTs affected by BRT lines and that had a larger than average share of new housing while holding everything else (e.g., housing supply) constant. While we did not find evidence to state that the presence of rapid transit infrastructure disproportionately affected any one of the income groups, our analysis suggested that there were more affluent renters moving in along the RRT and BRT lines. At the same time, the share of low-income renters that moved into areas close to rapid transit lines remained relatively stable. This research added a unique perspective to the debate cities and transport agencies have been experiencing with respect to decisions around the investment into different transport technologies and contributed to the argument for the need to carefully plan and provide rapid transit infrastructure together with affordable and diverse housing options.

The changing social structure of housing tenures through China’s successive urban housing reforms

Housing system transitions often involve successive but overlapping periods of reform with crucial implications for housing inequality dynamics. Building on welfare regime and market transition discussions, this paper considers how the shifting roles of the state, market, and family in housing provision in China have led to changing housing tenures and differentiated access to them between populations with varying socio-economic resources. Drawing on two national datasets, our analyses reveal that the four decades of reforms dramatically upended urban China’s tenure structure with market homeownership becoming the dominant tenure. Nevertheless, we find a substantial and increasing role of the family in housing provision, especially for people with fewer socio-economic resources. The advantages associated with better institutional resources under the previous socialist housing system not only persist in accessing state-provided tenures but have also extended their influence into market housing. Meanwhile, homeownership outcomes have become increasingly polarized among groups with different income and education levels. Our findings expose the reproduction and apparent amplification of tenure-related housing inequalities over the period of housing regime transformation.

Increased Medicare payments for homeless patients provide new opportunities for care.

A final rule has been issued that increases Medicare fee-for-service payment rates for individuals experiencing homelessness. This rule provides new, incentivized opportunities to better screen for and document homelessness among patients in acute inpatient settings. With greater identification of homeless patients, there may be increased needs to develop comprehensive discharge plans that involve coordination with housing providers and social service agencies to prevent the high repeated use of acute care found among many homeless patients.

Addressing Housing Issues Among People With Kidney Disease: Importance, Challenges, and Recommendations

Kidney disease disproportionately impacts people with low socioeconomic status, and low socioeconomic status is associated with worse outcomes for people with kidney disease. Unstable housing, which includes housing insecurity and homelessness, is increasing due to rising housing costs. There is mounting evidence that unstable housing and other health-related social needs are partially driving worse outcomes for people with low socioeconomic status. In this perspective, we consider the challenges to addressing housing for people with kidney disease, such as difficulty with identification of those with unstable housing, strict eligibility criteria for housing support, inadequate supply of affordable housing, and flaws in communities' prioritization of affordable housing. We discuss ways to tailor management for people experiencing unstable housing with kidney disease, and the importance of addressing safety, trauma, and emotional concerns as a part of care. We identify opportunities for the nephrology community to surmount challenges through increased screening, investment in workforce dedicated to community resource navigation, advocacy for investment in affordable housing, restructuring of communities' prioritization of affordable housing, and conducting needed research. Identifying and addressing housing needs among people with kidney disease is critical to eliminating kidney health disparities.

ARCHITECTURAL AND URBAN PLANNING ASPECTS OF CITY RENEWAL IN UKRAINE

Cities that are at the epicenter of military conflicts find themselves in an extremely difficult situation. In addition to the most terrible ‒ human losses, the infrastructure of cities, housing stock and industry are destroyed. An extremely difficult task for such territories is their post-war reconstruction. This process can be successful only when there is an understanding of the main approaches and mechanisms for restoration work in such cities. The necessary solution is the development of effective strategies and programs for the reconstruction of cities. This determines a number of priority tasks, namely: analysis of the experience of recovery of the countries of the world after similar destructions and study of the peculiarities of housing reconstruction, as the most acute problem. The article examines the main directions of post-war reconstruction of cities, since post-war reconstruction is an extremely difficult task for any city and country. And for this, it is necessary to determine the priority directions of the restoration and development of cities, depending on the characteristics and nature of their destruction. The restoration of cities should not be limited to reconstruction, but should be decided on a case-by-case basis, taking into account the degree of destruction, the economic component and social reintegration. The experience of countries that have gone through the stages of war and reconstruction is of considerable importance in creating programs for the reconstruction of cities. The set of measures that will contribute to the implementation of programs of reconstruction and provision of housing for the population accretes the world experience. Therefore, the article examines the world experience of the restoration of war-ravaged cities. For partially destroyed cities with a preserved urban environment, it is possible to develop an actual design solution that will take into account the type of reproduction ‒ restoration, reconstruction, or new construction. For territories that have suffered severe destruction, possible options for the implementation of the reconstruction program and provision of housing for the population are: new construction, housing rental, temporary construction of modular or container facilities, formation of a replacement housing fund, compensation for housing. An approach to architectural and town-planning solutions has been developed, which consists in mastering the underground space, the spatial composition of the courtyard space, and the architectural solutions of the buildings.

Market approach to provision of housing to low-income households in urban Malawi: a panacea or further dispossession?

Purpose The purpose of this study is to examine the effects of market-based approach to provision of housing to low-income households in urban Malawi. Design/methodology/approach This study was conducted in Blantyre, Malawi, between 2019 and 2022 and used both quantitative (household survey) and qualitative (in-depth interviews and document study) methods of data collection. Interviews were conducted with key players and investors in the housing sector. Household survey data were analyzed through descriptive statistics, which allowed the generation of descriptive housing valuables, whereas qualitative data were analyzed through content analysis. Findings This paper demonstrates that, rather than ameliorating the housing problems facing low-income households, the market approach to provision of housing in Malawi has worsened the housing situation in the country. This is so because the market approach to the provision of housing in Malawi is not only enforcing the logic of capitalistic accumulation in the housing sector but also supporting mechanisms of exclusion based on economic stratification within the community. Research limitations/implications Completeness of data over time as there is no market data bank available in the country. Practical implications The findings from this study suggest that some degree of state intervention in addressing the housing problem in Malawi is required. Social implications The study findings suggest that a market approach to the provision of housing can increase social inequality as low-income households face challenges in accessing housing. Originality/value There is a paucity of research on the effects of the market approach on the provision of affordable housing to low-income households in Malawi. This paper assesses this important policy gap and provides significant policy directions.

INTERNATIONAL VIEWS ON HOUSING RELATIONS IN THE REPUBLIC OF KAZAKHSTAN

This article discusses current issues related to international views on housing relations in Kazakhstan. This topic is quite relevant because housing is a fundamental human right recognized by the United Nations, and all countries have an obligation to ensure their citizens have access to adequate housing. The Constitution of the Republic, the country’s housing legislation and international acts elevate housing to the rank of a vital value, establish the obligations of the state and the rights of citizens in this area that determine their content. These measures are aimed at creating conditions that guarantee an adequate level of housing provision, including through state support for citizens in particular need of housing. An analysis of the current legislation of the Republic of Kazakhstan and international documents allows the author to draw a reasoned conclusion about the need to take a number of measures to improve the quality of housing in Kazakhstan, in accordance with international standards. An international perspective on housing law in Kazakhstan can provide valuable insight into the strengths and weaknesses of our country’s housing legal framework, as well as opportunities for cross-border cooperation and learning. Keywords: housing, housing relations, human rights, housing legislation, international standards.

The changing role of cooperatives in the Swedish housing regime – a path dependence analysis

Several studies have demonstrated the importance of path dependence in housing institutions and policy. So far, however, perspectives of path dependence have not been systematically applied to cooperative housing. This article analyses, in terms of path dependence and change, the historical development of the uniquely large Swedish cooperative sector and its role in the Swedish universal housing regime. The main focus is on three political processes, which are found to be ‘critical junctures’ changing the historical trajectory of the cooperative sector: (1) the introduction of the first Tenant-Ownership Act in 1930, when tenant-ownership was established as a housing tenure; (2) the introduction of the Swedish universal housing regime after WWII, when cooperative housing was granted a central role in housing provision; (3) the deregulation of the cooperative tenure in 1968–1969, which opened the road towards marketization and further expansion. The games between political actors and cooperative leaders and members at these critical junctures and the institutional outcomes are analysed in terms of mechanisms of path dependence. The article concludes with a discussion of the merits and potential problems of applying path dependence analysis to housing regimes in general and to the role of housing cooperatives more particularly.

Assessment of the Variations in Residential Rental Values in Rantya-Gyel Jos, Plateau State, Nigeria

This study has investigated the changing residential rental values in Rantya-Gyel from 2009 to 2019. The main objective was to determine the extent and trend of changes in residential rental values of different categories of accommodation. The study hypothesised that residential rental values have witnessed significant increases, that the increases were demand-driven; and that the type of accommodation demanded by tenants was influenced by their demographic and socio-economic status. Questionnaire-based interviews and direct field observation were used to elicit information from landlords, property agents and tenants. The Statistical Package for Social Sciences (SPSS 17) software package was employed in analysing rent values, socio-demographic characteristics of tenants and types of accommodation. The chi-square and analysis of variance (F-ratio) techniques were employed in testing the hypotheses. The study found that the rent of different categories of accommodation had gone up by more than three-fold and most of the tenants (Christians) came from Jos north. Rental values doubled during the said period of investigation, housing types were mostly 2-bedroom flats and occupation/income was significantly related to accommodation. Demand and supply factors, as well as market forces, were identified as reasons why rental values in Rantya-Gyel tended to appreciate from 2009 to 2019. The study therefore recommends that the government should formulate policies and put in place strategies that increase the supply of housing in Rantya-Gyel and enhance integration.

Housing Prices and Land Use Regulations: A Study of 250 Major US Cities

<p><big>Income and population growth are key determinants of housing demand, while land use regulations are designed to affect housing supply. Previous studies of housing price determinants focus either on specific regulations in particular cities/regions, or on selective subsets of major cities and regulations. This study examines the impact of land use regulations on housing prices from 1989 to 2006 in an unusually large sample of 250 major US cities. Aside from factors that are commonly associated with housing demand (income, population growth and density), housing prices are found to be associated with local cost-increasing land use regulations (approval delays) and with statewide regulations. Since statewide regulations factor prominently into the results, specific examples of the impact of different types of land use regulations are provided for 5 cities in the state of Washington. The estimated increase in housing prices associated with regulations is, on average (over 250 cities), substantially larger than the effects of income and population growth. While the estimated dollar costs associated with regulations may be sizable at times, the results are remarkably consistent with previous studies that were based on smaller cross sections.</big></p>

Practice example: Social landlord offers youth job training

IN SUMMARY Housing provider employs dedicated employment advisers to support young residents, care leavers and vulnerable young adults into work through in-house and external apprenticeship programmes

Could financialisation explain why developers are building more expensive houses? Evidence for Malaysia

Purpose The purpose of this paper is to examine the effects of financialisation on the changing structure of housing supply in Malaysia. The share of newly launched sub-MYR250,000 houses has been decreasing continuously in the past decade. This implies that housing developers are launching more expensive houses. The greater focus on higher cost housing could be attributed to inflation. But while input cost is rising, the housing sector has also become increasingly financialised. This claim can be supported by the rising share of mortgage and real estate loans in gross domestic product. Financialisation is a process in which the financial sector becomes more dominant relative to the real sector. The extent to which this process is responsible for the changing structure of housing supply in Malaysia is investigated. Design/methodology/approach A survey of the literature suggested that the decreasing the proportion of newly launched sub-MYR250,000 housing could be result of rising input cost, greater degree of financialisation and changing market concentration. Thus, long-run cointegrating equations were formulated and estimated. These equations linked housing share with financialisation, market structure and input cost. The quantitative and qualitative impact of financialisation on the structure of housing supply is of interest. Findings The analyses of secondary data suggested that financialisation and input cost did indeed contribute to the decrease in proportion of newly launched sub-MYR250,000 housing. However, the impact of market concentration on housing share was ambiguous. This conclusion survived several robustness checks. Practical implications The financialisation of the housing sector implies that developers are increasingly building for profits instead of accommodating the social objective of providing shelter. This result is unsettling because access to adequate housing is a human right. The transformation of housing from the concept of a shelter to a tradable, money-making asset could be a major contributor to the declining housing affordability in the country. Thus, efforts to improve affordability must take account of the effects of financialisation. Originality/value An empirical framework for assessing the changes in the structure of housing supply was developed. Existing studies tended to focus only on the volume of housing supply. It is a comprehensive study on changes in the structure of housing supply. Second, while existing studies on the financialisation of housing are mostly qualitative in methodology, this paper offers a quantitative assessment of the financialisation in the housing sector.

Urban redevelopment of a new town: The case of Zoetermeer in the Netherlands

The success factors contributing to the development of Zoetermeer, a former Dutch new town, into a contemporary city include dedicated public leadership, long-term commitment from social housing providers, private developers, institutional investors, timely and transparent communication with residents and the need to act and outperform the city benchmark. Zoetermeer was designed and built as a new town close to the government centre at The Hague and celebrated its 60th anniversary in 2022. It is now home to more than 125,000 residents. For decades Zoetermeer’s growth took place in the surrounding green fields. Therefore, the existing capacity-building methodology was not fit for the purpose of the ‘brownfield’ urban redevelopment challenge. The city authorities were also reluctant to engage in pro-active real estate stakeholder leadership. Since 2017, however, RITTERWALD pan-European residential strategy consultancy has supported Zoetermeer’s urban redevelopment strategy, including leading the preparation of a 10,000+ homes Urban Development Agreement (Stadsbouwakkoord) which is now being delivered to provide mixed tenure neighbourhoods. This achievement involved educating the municipal administration in the practice of urban redevelopment, including hosting regular masterclasses with high-level public and private sector actors. How a new town grew up and reinvented itself is explored in this paper.

Evaluation of a collaborative model between managed care and affordable housing on acute care costs.

This study evaluated a collaborative service model between the largest Medicaid managed care organization (MCO) in Texas, Superior HealthPlan, and the affordable housing provider Prospera Housing CommunityServices. Using a quasi-experimental 2-groups research design, we compared health care outcomes and costs between a sample of 104 participants served by the Prospera+Superior collaborative model and a group of 104 participants who had health care coverage through the Superior HealthPlan Medicaid MCO but did not live atProspera properties (ie, Superior-only group). Data from medical claims were analyzed to examine change in outcomes 12 months before and after implementation of the Prospera+Superior collaborative model in 2019. The Prospera+Superior group had a 56% lower rate of emergency department/urgent care visits and spent $2061 less in prescription costs than the Superior-only group after implementation. These findings provide needed evidence of the clinical and economic value of forming multisector collaborative models between MCOs and other communityproviders.

한국 주택가격의 동태적 변화 연구

Housing is one of the essential goods that determine the conditions of life. However, housing prices fluctuate widely depending on macroeconomic conditions, making it an important research topic. This study analyzes the dynamic changes in quarterly housing prices from 2006 to 2023, using GARCH model, Granger causality test, and vector error correction model(VECM). The main finding are as follows. First, there are inertial feedback effects in house price changes. Second, there is clustering and long-run persistence in the dynamics of house price volatility. Third, we find significant effects of housing loans on the demand side and housing construction permits and unsold housing units on the supply side on house prices. Housing loans have a positive effect in the short run, while housing supply variables such as housing construction permits and the number of unsold housing units have a negative effect in the long run. These results of our analysis suggest that the housing market follows the market principle that the role of housing supply and demand works well, and that housing prices have inertial characteristics with spikes and crashes depending on the economic environment. Housing policy-makers need to take these findings into account when formulating housing policies.

An Analysis of the Impact of Universal Design Principles on Habitability Based on Public Rental Housing Supply Types

An Analysis of the Impact of Universal Design Principles on Habitability Based on Public Rental Housing Supply Types

Comparing Two House-Price Booms

In this Economic Commentary, we compare characteristics of the 2000-2006 house-price boom that preceded the Great Recession to the house-price boom that began in 2020 during the COVID-19 pandemic. These two episodes of high house-price growth have important differences, including the behavior of rental rates, the dynamics of housing supply and demand, and the state of the mortgage market. The absence of changes in fundamentals during the 2000s is consistent with the literature emphasizing house-price beliefs during this prior episode. In contrast to during the 2000s boom, changes in fundamentals (including rent and demand growth) played a more dominant role in the 2020s house-price boom.