Macroeconomic Determinants of Multifamily Housing Starts: A Descriptive Analysis
The multifamily component of residential construction has received relatively little attention in the existing literature on macro-economic housing markets. In those studies where single and multifamily starts have been treated separately [Kawaller (1976), Arcelus and Meltzer (1973), Brady (1973), Kalchbrenner (1972)Smith (1969), the greater share of attention and background discussion has been directed toward the singlefamily sector. Such treatment probably is due to the fact that multifamily starts have traditionally accounted for the smaller fraction of total private starts. Since the Census Bureau began recording the starts breakdown in 1959, however, this fraction has not fallen much below a fifth in any quarter, and it has been as high as 48 percent. Moreover, with a growing acceptance of the condominium and cooperative housing concepts, expanding Federal rental assistance initiatives, and changing life style preferences, it would appear that increased attention given to the multifamily sector, may significantly enhance our understanding of housing markets in general. Copyright American Real Estate and Urban Economics Association.
Year of publication: |
1979
|
---|---|
Authors: | Kawaller, Ira G. |
Published in: |
Real Estate Economics. - American Real Estate and Urban Economics Association - AREUEA. - Vol. 7.1979, 1, p. 45-62
|
Publisher: |
American Real Estate and Urban Economics Association - AREUEA |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Accounting for financial derivatives
Kawaller, Ira G., (2010)
-
Designing a proper hedge : theory versus practice
Jiang, Chao, (2016)
-
The effect of the hedge horizon on optimal hedge size and effectiveness when prices are cointegrated
Juhl, Ted, (2012)
- More ...