Housing Matters

Housing matters to the livability of cities and to the productivity of their economies. The failure of cities to accommodate the housing needs of growing urban populations can be seen in the proliferation of poorly serviced, high-density informal s...

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Bibliographic Details
Main Author: Hammam, Sonia
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2014/05/19539995/housing-matters
http://hdl.handle.net/10986/18753
id okr-10986-18753
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCESS TO LAND
ACCOUNTING
AFFORDABLE HOUSING
BANKS
BUDGET CONSTRAINTS
CAPITAL GRANTS
CITIES
COMMUNITIES
CONSOLIDATION
CONTRACT ENFORCEMENT
COST OF HOUSING
DEBT
DESCRIPTION
DOWN PAYMENTS
ECONOMIC DEVELOPMENT
EMERGING MARKETS
EMPLOYMENT
EVICTION
EXTERNALITIES
FINANCIAL INSTITUTIONS
FINANCIAL PERFORMANCE
FIXED COSTS
GOVERNMENT INTERVENTION
HABITAT
HOMELESSNESS
HOMEOWNERS
HOMES
HOUSEHOLDS
HOUSES
HOUSING
HOUSING AFFORDABILITY
HOUSING ASSETS
HOUSING CONDITIONS
HOUSING CONSTRUCTION
HOUSING COSTS
HOUSING DEMAND
HOUSING DEVELOPMENT
HOUSING ECONOMICS
HOUSING FINANCE
HOUSING IMPROVEMENTS
HOUSING MARKET
HOUSING NEEDS
HOUSING POLICY
HOUSING PRICES
HOUSING PROGRAMS
HOUSING REFORMS
HOUSING SHORTAGES
HOUSING SUBSIDIES
HOUSING SUBSIDY
HOUSING SUPPLY
HUMAN SETTLEMENTS
INCOME
INCOME DISTRIBUTION
INFLATION
INFORMAL HOUSING
INFORMAL SETTLEMENTS
INHABITANTS
INSTITUTIONAL ARRANGEMENTS
INSTITUTIONAL REFORM
INTERVENTIONS
LABOR MOBILITY
LAND DEVELOPMENT
LAND PRICES
LAND SUPPLY
LAND TENURE
LAND USE
LAND VALUE
LAWS
LEASING
LIVING CONDITIONS
LOCAL GOVERNMENT
LOCALITIES
MIGRATION
MORTGAGE LENDING
MORTGAGE LOANS
MORTGAGES
MUNICIPALITIES
NEIGHBORHOOD
NEIGHBORHOODS
POLITICAL ECONOMY
POOR HOUSING
PRESENT VALUE
PRIVATE HOUSING
PRIVATIZATION
PRODUCTIVITY
PROFITABILITY
PROFITABILITY RATIO
PROPERTY TAXES
PROVINCES
PUBLIC
PUBLIC HOUSING
PUBLIC POLICY
PUBLIC PROVISION
PUBLIC RESOURCES
PUBLIC SAFETY
PUBLIC SECTOR
PUBLIC SERVICES
REAL ESTATE MARKETS
REAL SECTOR
REGULATORY FRAMEWORK
RENT CONTROL
RENT SUBSIDIES
RENTAL HOUSING
RENTS
RESIDENTIAL MOBILITY
RISK MANAGEMENT
SAVINGS
SELF-HELP
SETTLEMENT
SHANTYTOWNS
SHELTER
SITE DEVELOPMENT
SLUM
SLUM AREAS
SLUMS
SQUATTER
SQUATTER SETTLEMENT
STATE INTERVENTION
SUBURBAN AREAS
TAXATION
TECHNICAL ASSISTANCE
TENANCY
TRANSACTION COSTS
URBAN DEVELOPMENT
URBAN ECONOMY
URBAN EXPANSION
URBAN GROWTH
URBAN HOUSING
URBAN HOUSING MARKETS
URBAN LAND
URBAN PLANNING
URBAN POOR
URBAN POPULATIONS
URBAN POVERTY
URBAN STUDIES
URBANIZATION
UTILITIES
ZONING
spellingShingle ACCESS TO LAND
ACCOUNTING
AFFORDABLE HOUSING
BANKS
BUDGET CONSTRAINTS
CAPITAL GRANTS
CITIES
COMMUNITIES
CONSOLIDATION
CONTRACT ENFORCEMENT
COST OF HOUSING
DEBT
DESCRIPTION
DOWN PAYMENTS
ECONOMIC DEVELOPMENT
EMERGING MARKETS
EMPLOYMENT
EVICTION
EXTERNALITIES
FINANCIAL INSTITUTIONS
FINANCIAL PERFORMANCE
FIXED COSTS
GOVERNMENT INTERVENTION
HABITAT
HOMELESSNESS
HOMEOWNERS
HOMES
HOUSEHOLDS
HOUSES
HOUSING
HOUSING AFFORDABILITY
HOUSING ASSETS
HOUSING CONDITIONS
HOUSING CONSTRUCTION
HOUSING COSTS
HOUSING DEMAND
HOUSING DEVELOPMENT
HOUSING ECONOMICS
HOUSING FINANCE
HOUSING IMPROVEMENTS
HOUSING MARKET
HOUSING NEEDS
HOUSING POLICY
HOUSING PRICES
HOUSING PROGRAMS
HOUSING REFORMS
HOUSING SHORTAGES
HOUSING SUBSIDIES
HOUSING SUBSIDY
HOUSING SUPPLY
HUMAN SETTLEMENTS
INCOME
INCOME DISTRIBUTION
INFLATION
INFORMAL HOUSING
INFORMAL SETTLEMENTS
INHABITANTS
INSTITUTIONAL ARRANGEMENTS
INSTITUTIONAL REFORM
INTERVENTIONS
LABOR MOBILITY
LAND DEVELOPMENT
LAND PRICES
LAND SUPPLY
LAND TENURE
LAND USE
LAND VALUE
LAWS
LEASING
LIVING CONDITIONS
LOCAL GOVERNMENT
LOCALITIES
MIGRATION
MORTGAGE LENDING
MORTGAGE LOANS
MORTGAGES
MUNICIPALITIES
NEIGHBORHOOD
NEIGHBORHOODS
POLITICAL ECONOMY
POOR HOUSING
PRESENT VALUE
PRIVATE HOUSING
PRIVATIZATION
PRODUCTIVITY
PROFITABILITY
PROFITABILITY RATIO
PROPERTY TAXES
PROVINCES
PUBLIC
PUBLIC HOUSING
PUBLIC POLICY
PUBLIC PROVISION
PUBLIC RESOURCES
PUBLIC SAFETY
PUBLIC SECTOR
PUBLIC SERVICES
REAL ESTATE MARKETS
REAL SECTOR
REGULATORY FRAMEWORK
RENT CONTROL
RENT SUBSIDIES
RENTAL HOUSING
RENTS
RESIDENTIAL MOBILITY
RISK MANAGEMENT
SAVINGS
SELF-HELP
SETTLEMENT
SHANTYTOWNS
SHELTER
SITE DEVELOPMENT
SLUM
SLUM AREAS
SLUMS
SQUATTER
SQUATTER SETTLEMENT
STATE INTERVENTION
SUBURBAN AREAS
TAXATION
TECHNICAL ASSISTANCE
TENANCY
TRANSACTION COSTS
URBAN DEVELOPMENT
URBAN ECONOMY
URBAN EXPANSION
URBAN GROWTH
URBAN HOUSING
URBAN HOUSING MARKETS
URBAN LAND
URBAN PLANNING
URBAN POOR
URBAN POPULATIONS
URBAN POVERTY
URBAN STUDIES
URBANIZATION
UTILITIES
ZONING
Hammam, Sonia
Housing Matters
geographic_facet Latin America & Caribbean
relation Policy Research Working Paper;No. 6876
description Housing matters to the livability of cities and to the productivity of their economies. The failure of cities to accommodate the housing needs of growing urban populations can be seen in the proliferation of poorly serviced, high-density informal settlements. Such settlements are not new in the history of rapidly growing cities, their persistence results as much from policies as from economics and demographic transition. Slums have attracted most of the attention on urban housing in developing countries, and the Millennium Development Goals have given prominence to their reduction. However, urban housing issues transcend conditions in slums and are linked closely to economic activity. City economies influence housing demand, and in turn the flexibility of housing supply affects economic activity and city growth. This paper provides an overview of the policy and institutional building blocks that determine housing sector performance, drawing on studies from both developed and developing countries. It focuses on property rights, including tenure choice, housing finance, and subsidies. It also reviews the factors that affect supply: the availability of serviced land, as well as land and housing regulations. While these elements have been standard tools of housing policy, they are still the subject of considerable debate over their sequencing, policy content, and priority. There has been a great deal of emphasis over the last two decades on demand-side measures to improve property rights systems, develop housing finance, and even to introduce new subsidy systems. All these developments are important, but as this paper argues, less progress has been made in understanding and addressing the factors that constrain supply, which often thwart improvements on the demand side.
format Publications & Research :: Policy Research Working Paper
author Hammam, Sonia
author_facet Hammam, Sonia
author_sort Hammam, Sonia
title Housing Matters
title_short Housing Matters
title_full Housing Matters
title_fullStr Housing Matters
title_full_unstemmed Housing Matters
title_sort housing matters
publisher World Bank, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2014/05/19539995/housing-matters
http://hdl.handle.net/10986/18753
_version_ 1764442614333964288
spelling okr-10986-187532021-04-23T14:03:49Z Housing Matters Hammam, Sonia ACCESS TO LAND ACCOUNTING AFFORDABLE HOUSING BANKS BUDGET CONSTRAINTS CAPITAL GRANTS CITIES COMMUNITIES CONSOLIDATION CONTRACT ENFORCEMENT COST OF HOUSING DEBT DESCRIPTION DOWN PAYMENTS ECONOMIC DEVELOPMENT EMERGING MARKETS EMPLOYMENT EVICTION EXTERNALITIES FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FIXED COSTS GOVERNMENT INTERVENTION HABITAT HOMELESSNESS HOMEOWNERS HOMES HOUSEHOLDS HOUSES HOUSING HOUSING AFFORDABILITY HOUSING ASSETS HOUSING CONDITIONS HOUSING CONSTRUCTION HOUSING COSTS HOUSING DEMAND HOUSING DEVELOPMENT HOUSING ECONOMICS HOUSING FINANCE HOUSING IMPROVEMENTS HOUSING MARKET HOUSING NEEDS HOUSING POLICY HOUSING PRICES HOUSING PROGRAMS HOUSING REFORMS HOUSING SHORTAGES HOUSING SUBSIDIES HOUSING SUBSIDY HOUSING SUPPLY HUMAN SETTLEMENTS INCOME INCOME DISTRIBUTION INFLATION INFORMAL HOUSING INFORMAL SETTLEMENTS INHABITANTS INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL REFORM INTERVENTIONS LABOR MOBILITY LAND DEVELOPMENT LAND PRICES LAND SUPPLY LAND TENURE LAND USE LAND VALUE LAWS LEASING LIVING CONDITIONS LOCAL GOVERNMENT LOCALITIES MIGRATION MORTGAGE LENDING MORTGAGE LOANS MORTGAGES MUNICIPALITIES NEIGHBORHOOD NEIGHBORHOODS POLITICAL ECONOMY POOR HOUSING PRESENT VALUE PRIVATE HOUSING PRIVATIZATION PRODUCTIVITY PROFITABILITY PROFITABILITY RATIO PROPERTY TAXES PROVINCES PUBLIC PUBLIC HOUSING PUBLIC POLICY PUBLIC PROVISION PUBLIC RESOURCES PUBLIC SAFETY PUBLIC SECTOR PUBLIC SERVICES REAL ESTATE MARKETS REAL SECTOR REGULATORY FRAMEWORK RENT CONTROL RENT SUBSIDIES RENTAL HOUSING RENTS RESIDENTIAL MOBILITY RISK MANAGEMENT SAVINGS SELF-HELP SETTLEMENT SHANTYTOWNS SHELTER SITE DEVELOPMENT SLUM SLUM AREAS SLUMS SQUATTER SQUATTER SETTLEMENT STATE INTERVENTION SUBURBAN AREAS TAXATION TECHNICAL ASSISTANCE TENANCY TRANSACTION COSTS URBAN DEVELOPMENT URBAN ECONOMY URBAN EXPANSION URBAN GROWTH URBAN HOUSING URBAN HOUSING MARKETS URBAN LAND URBAN PLANNING URBAN POOR URBAN POPULATIONS URBAN POVERTY URBAN STUDIES URBANIZATION UTILITIES ZONING Housing matters to the livability of cities and to the productivity of their economies. The failure of cities to accommodate the housing needs of growing urban populations can be seen in the proliferation of poorly serviced, high-density informal settlements. Such settlements are not new in the history of rapidly growing cities, their persistence results as much from policies as from economics and demographic transition. Slums have attracted most of the attention on urban housing in developing countries, and the Millennium Development Goals have given prominence to their reduction. However, urban housing issues transcend conditions in slums and are linked closely to economic activity. City economies influence housing demand, and in turn the flexibility of housing supply affects economic activity and city growth. This paper provides an overview of the policy and institutional building blocks that determine housing sector performance, drawing on studies from both developed and developing countries. It focuses on property rights, including tenure choice, housing finance, and subsidies. It also reviews the factors that affect supply: the availability of serviced land, as well as land and housing regulations. While these elements have been standard tools of housing policy, they are still the subject of considerable debate over their sequencing, policy content, and priority. There has been a great deal of emphasis over the last two decades on demand-side measures to improve property rights systems, develop housing finance, and even to introduce new subsidy systems. All these developments are important, but as this paper argues, less progress has been made in understanding and addressing the factors that constrain supply, which often thwart improvements on the demand side. 2014-06-25T20:15:47Z 2014-06-25T20:15:47Z 2014-05 http://documents.worldbank.org/curated/en/2014/05/19539995/housing-matters http://hdl.handle.net/10986/18753 English en_US Policy Research Working Paper;No. 6876 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean