Is there any existing literature on the various factors affecting the number of houses constructed in a particular city over, say, a given month? Factors might include: quality of housing stock, a lagging value of housing sale price, house price to earnings ratio.
Preferably, I would like to see literature that describes the relative importance of these factors, perhaps by running a regression--so that way, when I do my own regression on the factors, I can compare the magnitude and direction with existing research.
Anything related to this would be useful too; for example, if there is no paper which predicts the number of houses built, then something which gives, say, a utility yield for constructors would be helpful.