Upzoning Is Necessary, But Is It Sufficient?
Upzoning and reduced regulation are not magic bullets. Indeed, almost 20 years of data from across the country consistently shows that zoning reforms alone end up producing only a fraction of the new housing the country needs. Restrictive zoning is correctly understood to cause higher housing costs and less construction. But the opposite turns out not to be true; reduced regulation cannot on its own create enough housing to lower costs.