Reply to Jason Sorens on Housing Supply Deregulation
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Greg Howard is an Associate Professor of economics at the University of Illinois, with a Ph.D. from MIT in 2018. He is an urban and macroeco…
Jack Liebersohn is an Assistant Professor of economics at the University of California, Irvine, with a Ph.D. from MIT in 2018. He is an urba…
Abstract
Jason Sorens (2025) argues that three recent papers (Howard and Liebersohn, 2021; Gyourko and McCulloch, 2024; Harris and Lin, 2024) could be read as arguing against the benefits of deregulating housing supply. We clarify that our paper (Howard and Liebersohn 2021) should not be interpreted as anti-deregulation, respond briefly to Sorens’ critiques, and emphasize agreement on the importance of estimating the population elasticity to local rents.