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Technology for better buildings, cities, and environments

File under: "Evidence to support common sense": permit approval times significantly impact housing production. A new report by Stuart Gabriel and Edward Kung, via Tyler Cowen at Marginal Revolution, via via Kevin Lewis at National Affairs. It takes a lot of work sometimes to make something obvious a bit more defensible. We hope it compels adoption of technology and innovation in this space. Full disclosure: that's what UrbanForm is doing :) Here's an excerpt from their report: "The analysis derives from a novel dataset of development timelines for all multifamily housing projects permitted in the City of Los Angeles between 2010 and 2022. As a lower bound, simply by pulling forward in time the completion of already started projects, we estimate that reductions of 25% in approval time duration and uncertainty would increase the rate of housing production by 11.9%. If we also account for the role of approval times in incentivizing new development, we estimate that the 25% reduction in approval time would increase the rate of housing production by a full 33.0%." #zoning #permitting #contech

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