Which factor does NOT influence the supply of real estate?

The supply of real estate is influenced by various factors, and while pricing is critical in determining the demand for properties, it does not directly affect the supply side in the same manner as other options listed.

Government controls can significantly influence the availability and development of real estate by imposing zoning laws, building codes, and regulations that either facilitate or restrict construction. The availability of the labor force is also essential, as the real estate industry relies on skilled workers to complete construction projects. Similarly, construction and material costs are fundamental in determining whether developers will proceed with projects; higher costs can limit supply as developers may choose not to build if they cannot achieve profitable pricing.

In contrast, pricing primarily reflects the interactions between supply and demand rather than serving as a direct influencer of supply itself. Therefore, it is not a standalone factor affecting the overall supply of real estate.