Mobile homes are often perceived as a cheap housing alternative of last resort. This paper reviews the history of the mobile home from its trailer house beginnings to its present manufactured home status. Manufactured homes (HUD Code mobile homes) located in manufactured home land lease parks are an affordable and preferred housing choice of many housing consumers. Furthermore, manufactured hou...

We show that the residuals of the trend relationship among asset wealth and human wealth predict housing returns. Using data for a set of industrialized countries, we assess the predictive ability of the wealth-to-income ratio for housing returns. In particular: (i) when housing asset are complements of financial assets, investors demand a higher housing risk premium if they are hit by a shock ...

There is a bitter controversy over what drives the housing price in China in the existing literature. In this paper, we investigate the underlying driving force behind housing price fluctuations in China, especially focusing on the role of housing demand shock with that of money supply shock in explaining housing price movements, by a new Keynesian dynamic stochastic general equilibrium model. ...

1 In a world of uncertainty, imperfect information and irreversible decision-making, speculation and information acquisition will generate bubbles, herding and frenzies in housing demand. The instability generated will be further exacerbated by liquidity constraints and institutional change. In this paper, the influence of herds, frenzies and bubbles on housing demand is assessed in the context...

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...

This study models demand by owner-occupied housing ‘‘stayers.’’ Most consumers do not move routinely in response to small changes in income or housing price, so the ‘‘own rent’’ and ‘‘move stay’’ decisions are modeled as multiperiod optimization in the presence of transaction costs. The empirical section uses the ‘‘American Housing Survey’’ to provide a panel of household stayers for a metropol...

A survey, of sample size 224, is designed to include the different related-factors to housing location choice, such as; socioeconomic factors, housing characteristics, travel behavior, current self-selection factors, housing demand and future location preferences. It comprises 16 questions, categorized into three different sections; socioeconomic (5 Questions), current dwelling unit characteris...

housing is one of the economic major sectors of the macro economy of country and micro economy of the household. changes in home prices, including consideration of issues in recent years . in this regard, several studies for examining the determinant variables of housing supply and demand and prices have been. this article attempts with using of model dissimilar variance household arch, paying ...

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...