The Brookings Institution has released “The Link

The Brookings Institution has released “The Link Between Growth Management and Housing Affordability: The Academic Evidence,” which concludes that housing prices are primarily determined by the strength of local demand for housing. The report rejects as too simplistic the common assumption that growth management alone will drive up home prices, but notes that conventional zoning practices and properly designed growth management can increase home prices in different ways. The former tend toward restrictions that exclude lower-income groups, while the latter makes communities more desirable for everyone and offsets higher costs by lowering transportation and energy expenses. Contact (202) 797-6000 or www.brookings.org.