Home Value Grew in Markets With Strictest Land Use

Home values and job growth have both risen since 2010, but home values grew much more steeply in metros with stricter land use regulations. Every additional 10 percentage points of job growth was associated with 25 percentage points of home value growth in heavily regulated metros, versus only 4.5 percentage points in lightly regulated metros. Most U.S. metros have seen robust job growth in the years since the recession: The national workforce grew 12.5 percent, from 125 million jobs in January 2010 to more than 140 million in January 2017.

Source: Zillow