The Invisible Reason for High Housing Prices: Restrictive Land-Use Regulations
Upzoned

The Invisible Reason for High Housing Prices: Restrictive Land-Use Regulations

2023-07-05
It is extremely difficult to build housing in Rhode Island. It’s also expensive to buy homes, with prices having increased by 34% since the summer of 2020. Why? Adam A. Millsap makes the case in Forbes that because Rhode Island zoning laws are overly restrictive, developers are unable to meet the current and past needs of housing. Millsap writes: “Places with fewer land-use regulations and more flexible zoning have lower housing prices and slower rent growth. Land-use regulations such as density restrictions, height restrictions, min...
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