Volume 29, Number 2, 2007 of the Journal of Real Estate Research
What Development Regulatory Variables Say—or Don’t Say—About A Municipality
Abstract: Little is
known about how regulatory development variables reflect and define a
community. This paper explores the correlation of development regulatory
variables with broader
community measures in 68 municipalities in the Twin Cities area of
Minnesota. Coefficients of determination, correlation coefficients,
principal component analysis, and factor analysis were used to compare
development regulatory data with broader municipal measures. The
hypothesis tested is overarching: that a municipality’s development
regulations and processes correlate to general measures of community
composition. The strongest and only significant correlations found were
in the municipal use of tax increment financing and commercial/
industrial property values, non-residential construction activity,
population, and multi-family building permit activity.
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