Fertility Cycles, Age Structure and Housing Demand

Dynamic cycles of unsold new housing stocks, investment in housing, and housing supply-demand

Unsold new housing stocks may be closely related to housing market fluctuation, especially the difference between housing supply and demand, which is influenced by macroeconomic conditions. These factors simultaneously influence developers’ investment decisions and, thus, housing supply over time. However, previous research on the housing market has focused on explaining the statistical relatio...

Age-cohort and Housing Market demand Area interactions

“Housing Return And Construction Cycles”

This paper presents a model of a mature city that depends upon the rehabilitation of old home sites for new housing. Within the model housing returns, housing construction, mortgage loan terms, and household maintenance behavior are all endogenous. The model’s premise is that the value of a home, unlike the value of many other financial assets, depends upon the care its owner exerts on upkeep. ...

Rent Assistance and Housing Demand

1 Tlie authoxs thank paitidpants at a seminar in Konstanz fox theii comments. Reraain-ing eirors are ours. The Cential Bureau of Statistics ptovided the data. Abstract We examine the effect of a rent subsidy program, Rent Assistance, on the demand for rental housing in The Netherlands. Low-income households with a rent that exceeds a norm rent, but is smaller than a maximum rent are eligible fo...

Housing Demand and Neighborhood Choice with Housing Vouchers

One goal of the U.S. housing voucher program, as an alternative to public housing subsidies, is to help participants gain access to decent neighborhoods. I find that in a typical implementation of the program, participants in the housing voucher program live in better neighborhoods than public housing residents, but in lower-quality neighborhoods compared to unsubsidized households eligible for...