Main finding
New market-rate construction lowered nearby rents, displacement risk, and rent-controlled eviction notices, while also changing very local entrant composition.
Within 500m, rents fell 1.2–2.3% and measured displacement risk fell 17%
Does Building New Housing Cause Displacement?
Pennington
Most important limitation
The displacement proxy is imperfect, San Francisco is unusual, and this is a working paper.
From the publication
Inspect the authors' figure directly
Figure 15 · Proximity to new projects, rents, and displacement
The paper’s paired distance plots show lower rents and lower measured displacement risk closest to new projects.
How this study is used
Claims this evidence supports
Reference
Pennington (2021). “Does Building New Housing Cause Displacement?.”