Impacts of Filtering and Rent Control on Housing Supply
Summary Quote: Fleming noted the big picture takeaways from the research considering the effects of filtering and rent control on the housing supply. He concluded that “the best housing affordability policy is a ‘build more homes, any homes, at any level, policy.’” Although in many areas filtering contributes to housing supply, areas with upward filtering need additional interventions to increase supply, and rent control appears to reduce supply where it is needed most — areas where demand is raising prices. The stakes for addressing the shortage of supply are high. As Khater noted, in addition to affordability challenges for individual households, the lack of supply slows economic growth because people cannot move to the places with the most productivity.