We perform a comprehensive neighborhood-level analysis of housing supply. Predictions of floor space and housing unit supply elasticities using our estimates average 0.5 and 0.3 across all urban neighborhoods in the United States, exhibiting greater variation within than between metro regions. New construction accounts for about 50% of unit supply responses, with important additional roles for teardowns and renovations. Supply responses grow with central business district distance mostly from the increasing availability of undeveloped land, flatter land, and less regulation. Identification comes from variation in labor demand shocks to commuting destinations, as aggregated using insights from a quantitative spatial equilibrium model.

中文翻译：

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住房供应的微观地理

我们对住房供应进行全面的社区层面分析。使用我们的估计值对美国所有城市社区的建筑面积和住房单元供应弹性进行预测，平均值为 0.5 和 0.3，显示出大都市区域内的差异大于大都市区域之间的差异。新建筑约占单元供应响应的 50%，拆除和翻新也发挥着重要的额外作用。供应反应随着中央商务区距离的增加而增加，主要是由于未开发土地的可用性增加、土地平坦和监管较少。识别来自于通勤目的地的劳动力需求冲击的变化，使用定量空间均衡模型的见解进行汇总。