Download or read book National Regional and Metro specific Factors of the US Housing Market written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Macroeconomic Forecasting in the Era of Big Data written by Peter Fuleky and published by Springer Nature. This book was released on 2019-11-28 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book surveys big data tools used in macroeconomic forecasting and addresses related econometric issues, including how to capture dynamic relationships among variables; how to select parsimonious models; how to deal with model uncertainty, instability, non-stationarity, and mixed frequency data; and how to evaluate forecasts, among others. Each chapter is self-contained with references, and provides solid background information, while also reviewing the latest advances in the field. Accordingly, the book offers a valuable resource for researchers, professional forecasters, and students of quantitative economics.

Download or read book Demographic Factors Shaping the U S Market for New Housing written by Peter A. Morrison and published by . This book was released on 1988 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demographic forces will reshape the market for new housing during the remainder of this century. In particular, the amount of needed new housing will be stimulated by the maturation of the large "baby boom" generation; the financial capacity to afford new housing will be strengthened by the predominance of two-earner couples; the type of preferred housing will reflect evolving residential needs dictated by diverse living arrangements; and housing demand will tend to be concentrated within certain regions and metropolitan areas.

Download or read book Regional Variation in U S Homeownership Rates written by Shikha Agarwal and published by . This book was released on 2020 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: Homeownership rate varies dramatically across states, metro areas and rural and urban areas within the United States. While cross-country homeownership differences can be explained by national differences in history, institutions, and macroeconomic conditions, these factors cannot explain why homeownership rates vary across regions, given that regions in the same country share similar historical, institutional, and macroeconomic arrangements. This study aims to explain the cross-sectional and inter-temporal differences in homeownership between Census regions using zip code level data covering approximately 90 percent of all zip codes in the country. Specifically, do the factors that explain intra-regional variation in homeownership rate have similar effects across regions and, what is the differential impact of housing market variables related to home value, rent and household income across different regions? I conclude that while relationship between demographic factors and homeownership is consistent for all zip codes regardless of region, housing market variables like price-rent ratio and price-income ratio have different relationship with homeownership across zip codes depending on the regional location. This study also investigates the impact of the housing bubble on homeownership during the bust and the initial phase of economic recovery on three dimensions. Is there a structural break in the national housing market in 2011-2012? Did regional disparities due to unobserved region-specific factors significantly decrease during the recovery period of 2012-2016? Finally, since most of the run-up in homeownership was due to relaxed credit standards, how did the response of homeownership to relative affordability change before and after the crash in house prices? The Chow test concludes that housing markets were indeed quite different before and after the housing crash at both the national and sub-national level. Not only did the homeownership response change for all included variables and for all regions, but also the recovery phase can better explain collective variation across regions and across zip codes. Results also show that the homeownership response of households to relative affordability became stronger due to both personal experience of foreclosures as well as tighter lending standards.

Download or read book Consequences of Economic Downturn written by M. Starr and published by Springer. This book was released on 2016-04-30 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2007-09 financial crisis and economic downturn inflicted considerable hardship on the U.S. population. This book argues that the financial crisis and ensuing recession reflected not just a malfunctioning of the financial system - but also inequalities and insecurities in access to livelihoods that favor well-off groups and leave ordinary people shouldering undue burdens of downside risk. This book, a collection of original papers by leading social economists and scholars in related fields, examines social, distributional, and ethical dimensions of the downturn. It should be of broad interest to the social-science and economic-policy communities.

Download or read book Regional and Metropolitan Growth and Decline in the US written by William H. Frey and published by Russell Sage Foundation. This book was released on 1988-10-18 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1970s, several striking population shifts attracted widespread attention and colorful journalistic labels. Urban gentrification, the rural renaissance, the rise of the Sunbelt—these phenomena signaled major reversals in long-term patterns of population distribution. In Regional and Metropolitan Growth and Decline in the United States, authors Frey and Speare place such reversals in context by examining a rich array of census data. This comprehensive study describes new population distribution patterns, explores their consequences, and evaluates competing explanations of current trends. The authors also provide an in-depth look at the changing race, status, and household demographics of the nation's largest cities and discuss the broad societal forces precipitating such changes. Frey and Speare conclude that the 1970s represented a "transition decade" in the history of population distribution and that patterns now emerging do not suggest a return to the past. With impressive scope and detail, this volume offers an unmatched picture of regional growth and decline across the United States. A Volume in the Russell Sage Foundation Census Series.

Download or read book Volatility and Time Series Econometrics written by Mark Watson and published by Oxford University Press. This book was released on 2010-02-11 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: A volume that celebrates and develops the work of Nobel Laureate Robert Engle, it includes original contributions from some of the world's leading econometricians that further Engle's work in time series economics

Download or read book Housing Data Resources written by Mary Ingels and published by . This book was released on 1980 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Availability and Applicability of Information and Data Relating to Housing and Local Housing Markets written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Policy Research and Insurance and published by . This book was released on 1990 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book What Factors Drive the Price Rent Ratio for the Housing Market A Modified Present Value Analysis written by N. Kundan Kishor and published by . This book was released on 2014 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider which factors determined the price-rent ratio for the housing market in 18 U.S. metropolitan areas (MSAs) and at the national level over the period of 1975 to 2012. Based on a present-value framework, our proposed empirical model separates the price-rent ratio for a given market into unobserved components related to the expected real rent growth and the expected housing return, but is modified from standard present-value analysis by also including a residual component that captures non-stationary deviations of the price-rent ratio from its present-value level. Estimates for the modified present-value model suggest that the present-value residual (PVR) component is always important and sometimes very large at the national and regional levels, especially for MSAs that have experienced frequent booms and busts in the housing market. In further analysis, we find that house prices in MSAs that have larger PVR components are more sensitive to mortgage rate changes. Also, comparing our results with a recent statistical test for periodically-collapsing bubbles, we find that MSAs with large estimated PVR components are the same MSAs that test positively for explosive sub-periods in their price-rent ratios, especially during the 2005-2007 subsample. Our approach allows us to estimate the correlation between shocks to expected rent growth, the expected housing return, and the PVR component. We find that the expected housing return and movements in the PVR component are highly positively correlated in the pre-2006 sample period, implying an impact of the expected housing return on house prices that is different than what a standard present-value model would imply, although this correlation declined significantly in the post- 2006 sample period. Our results also show that most of the variation in the present-value component of the price-rent ratio arises due to the variation in the expected housing return.

Download or read book Survey of Current Business written by and published by . This book was released on 2013 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Housing Markets and Geographical Scale written by Yeon-Taek Ryu and published by . This book was released on 2002 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Regulating Place written by Eran Ben-Joseph and published by Psychology Press. This book was released on 2005 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.

Download or read book Analysis of Residential Housing Markets in Large U S Metropolitan Areas written by Yu Lu and published by . This book was released on 2009 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper consists of three essays focusing on the geography of U.S. residential housing markets, the role of housing attributes in the residential housing markets, as well as the housing tenure choices in large metropolitan areas. It conducts the clustering analysis to identify the geographic pattern of U.S. residential housing markets. Based on the housing prices and other relevant dwelling features, the K-means clustering analysis classifies the residential housing markets into three groups: a Coast group, a Central U.S. group and an in-between group. The clustering analysis rejects the hypothesis that the housing market associations between cities are random, and finds strong evidence of regional differences in housing price variations. The paper also applies the hedonic analysis to examine the relationship between prices of owner-occupied dwellings and housing attributes using American Housing Survey (AHS) data. The results show that both the housing attributes and the regional factors play an important role in determining the housing prices. The F-test verifies the disparity of housing attributes effects across regions. Moreover, the paper employs the logistic model to capture the association between household features and the tenure status. The Cox proportional hazard model is used to investigate the determinants of the timing of tenure change. The empirical results suggest that household demographics, household composition and economic status features considerably affect household's tenure choice, as well as the decision of the transition from housing rental to ownership.

Download or read book Methods of regional analysis written by Walter Isard and published by Рипол Классик. This book was released on 1966 with total page 817 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Housing Markets in the United States and Japan written by Yukio Noguchi and published by University of Chicago Press. This book was released on 2007-12-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Japan and the United States are the world's leading economies, there are significant differences in the ways their wealth is translated into living standards. A careful comparison of housing markets illustrates not only how living standards in the two countries differ, but also reveals much about saving patterns and how they affect wealth accumulation. In this volume, ten essays discuss the evolution of housing prices, housing markets and personal savings, housing finance, commuting, and the impact of public policy on housing markets. The studies reveal surprising differences in housing investment in the two countries. For example, because down payments in Japan are much higher than in the United States, Japanese tend to delay home purchases relative to their American counterparts. In the United States, the advent of home equity credit may have reduced private saving overall. This book is the first comparison of housing markets in Japan and the United States, and its findings illuminate the effects of housing markets on productivity growth, business investment, and trade.

Download or read book The Housing Supply Channel of Monetary Policy written by Bruno Albuquerque and published by International Monetary Fund. This book was released on 2024-02-02 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the role of regional housing markets in the transmission of US monetary policy. Using a FAVAR model over 1999q1–2019q4, we find sizeable heterogeneity in the responses of US states to a contractionary monetary policy shock. Part of this regional variation is due to differences in housing supply elasticities, household debt overhang, and housing wealth (volatility). Our analysis indicates that house prices and consumption respond more in supply-inelastic states and in states with large household debt imbalances, where negative housing wealth effects bite more strongly and borrowing constraints become more binding. Moreover, financial stability risks increase sharply in these areas as mortgage delinquencies and foreclosures surge, worsening banks’ balance sheets. Finally, monetary policy may have a stronger effect on housing tenure decisions in supply-inelastic states, where the homeownership rate and price-to-rent ratios decline by more. Our findings stress the importance of regional housing supply conditions in assessing the macrofinancial effects of rising interest rates.