I Planning and the Housing Market

The chapters in this part introduce the conceptual framework for understanding the operation and potential roles of the planning system in relation to housing. Chapter 2 focusses on the evolution of modern town planning, originally closely aligned with housing reform but increasingly detached from the objectives and concerns of contemporary urban governance. Chapter 3 explains and decodes the key features and operations of the housing system, including the social and economic significance of housing, processes of housing production, tenure, the drivers of housing demand and supply, housing market cycles, submarkets, and measures of market responsiveness and failure. It establishes a basis for international comparison of housing systems, policy responses and outcomes. Chapter 4 draws the discussion about urban planning and the housing market together, examining key debates on how planning as a form of market intervention affects the supply and price of residential land and housing. With reference to both the empirical literature and examples from practice, the chapter distils policy strategies for maximising positive impacts of planning on housing development and renewal (good design, i nfrastructure coordination, environmental quality) while minimising potentially negative or unfair outcomes for existing and future communities.

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