Housing Supply Flashcards
1
Q
The housing value chain is made up of?
A
Property right
Finance
Land
End user finance
Construction industry
Infrastructure services
2
Q
What is housing supply and its features
A
The aggregate, of components that determine the price at which housing is supplied
- it is determined by a community’s economic well being
- the higher a city per capital income is household will demand higher quality and more housing
- A higher concentration of households increases prices due to a limited number of units resulting in competition
3
Q
What supply constraints efficient housing markets
A
- Access to clear property rights
- land availability
-planning regulations,/ permitting time and building standards - services and infrastructure availability
- competitive construction industry
- developer finance and finance costs
-Legal and regulatory systems
4
Q
Hs delays and possible causes
A
- Lack of bureaucratic processes
- multiple processes
- lack of prioritization
- lack of skilled manpower
- substandard developer applications
- lack of knowledge of planning processes and legislation
- NIMBY
5
Q
Cost drivers of housing supply?
A
- Economy
- lending regulations
- interest rates
- construction and design specification
- land assembly and planning regulations
