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...

This paper provides a commentary on the contemporary housing crisis in England and links it to broader questions of role of housing in capitalist economies and societies. It starts with the assumptions that housing and community development issues are linked to the wider housing market and that the housing crisis is not new but has long-run antecedents. The paper begins by reviewing the contemp...

For some Canadians, the term “housing policy” evokes images of public housing, government subsidies for low-income households, and programs aimed at helping Canada’s unhoused individuals and families. It is easy, though inaccurate, to view housing policy as having this limited scope. After all, 95 percent of Canadian households obtain their housing from the private market. Two-thirds of all hou...

Recently housing price hikes are spreading across America spatially, a reminder of the stock market hikes of the 1990s that ruptured in 2000. The aim of this study were to identify the determinants of housing prices, the differences between housing and stock markets, and whether the housing market can follow the path of the stock market. The aim was also to examine the existence of a housing bu...

This paper provides a commentary on the contemporary housing crisis in England and links it to broader questions of role of housing in capitalist economies and societies. It starts with the assumptions that housing and community development issues are linked to the wider housing market and that the housing crisis is not new but has long-run antecedents. The paper begins by reviewing the contemp...

We study sources and consequences of uctuations in the U.S. housing market. Slow technological progress in the housing sector explains the upward trend in real housing prices of the last 40 years. Over the business cycle, housing demand and housing technology shocks explain one-quarter each of the volatility of housing investment and housing prices. Monetary factors explain less than 20 percent...

The housing market has a major impact on the overall economy. As Reichert rightly points out “...housing markets are not entirely isolated and distinct submarkets, for they in turn react to key housing trends in contiguous regions as well as to various national factors” (Meen, 1996, pp. 425-446). Shiller (1993) suggests that developing an efficient housing market is a prerequisite for sustained...

Housing policies in many countries have become more market orientated as the role of governments has shifted from the direct supply and funding of non-market housing towards the role of a regulator and facilitator. Central to this development is the notion that providers of social housing have to become more competitive. Arguably, these social housing changes have important implications for the...

The US economy experienced excessive demand for housing for over a decade, causing a housing boom. Consumers went on a spending spree driven by higher and higher, real and perceived home equity values, as well as equity market increases. In the US market, “bigger is better” or “as much as one can afford” became the mentality of home buyers. In addition, consumers were driven to buy houses now t...

In this paper a dynamic household model in connection with a comprehensive urban housing market model for Amsterdam is presented. Household dynamics is modelled here by using the methodology of multidimensional demography. A consistent analysis of the components of a dynamic spatial housing market system incorporating various submodules, multiple factors, spatial aggregation levels, and degrees...