Japan has high rates of housing starts

2021 ◽  
Keyword(s):  
Housing Starts

The Asymmetric Effects of Regional House Prices in the UK: New Evidence from Panel Quantile Regression Framework

2021 ◽  
pp. 232102222098054
Author(s):  
Panayiotis Tzeremes
Keyword(s):  
Private Sector ◽  
Quantile Regression ◽  
House Prices ◽  
Ripple Effect ◽  
The United Kingdom ◽  
Housing Starts ◽  
Panel Quantile Regression ◽  
Linear Behaviour ◽  
Significant Performance ◽  
The Uk

This study unfurls the non-linear behaviour of regional house prices in the United Kingdom by employing quarterly observations spanning the period 1992Q1–2017Q4. Our enquiry aims at examining UK house prices within a multivariable framework and, more specifically, by employing panel quantile regression with fixed effect. In brief, the empirical findings obtained from these methodologies indicate that the UK house prices are influenced at lower and upper quantiles, and that precisely they are influenced by variables such as income, private sector housing starts and employment. We highly support that there is a strong heterogeneity among UK regions and that asymmetry may be one of the keys of the ripple effect. Particularly, the income shows a positively significant performance at lower and higher regional house prices. Moreover, the variables private sector housing starts and employment rate are statistically significant for house prices. Leveraging for first-time panel quantile regression for the case of regional house prices in the UK, policymakers will have a profound understanding of regional house prices. JEL Classifications: C22, R21, R31

scholarly journals El Paso Housing Sector Econometric Forecast Accuracy

2008 ◽  
Vol 40 (01) ◽  
pp. 385-402 ◽  
Author(s):  
Thomas M. Fullerton ◽  
Brian W. Kelley
Keyword(s):  
Econometric Model ◽  
El Paso ◽  
Forecast Accuracy ◽  
Recent Analysis ◽  
Housing Sector ◽  
Residential Real Estate ◽  
Track Record ◽  
Housing Starts ◽  
Structural Econometric Model ◽  
Structural Econometric

There is comparatively little empirical evidence regarding the accuracy of regional housing sector forecasts. Much of the recent analysis conducted for this topic is developed for housing starts and indicates a relatively poor track record. This study examines residential real estate forecasts previously published for El Paso, TX using a structural econometric model. Model coverage is much broader than just starts. Similar to earlier studies, the previously published econometric predictions frequently do not fare very well against the selected random walk benchmarks utilized for the various series under consideration.

scholarly journals NONLINEAR RELATIONSHIP BETWEEN HOUSING SUPPLY AND HOUSE PRICE IN MALAYSIA

2020 ◽  
Vol 24 (5) ◽  
pp. 313-322
Author(s):  
Geok Peng Yeap ◽  
Hooi Hooi Lean
Keyword(s):  
Price Index ◽  
House Prices ◽  
House Price ◽  
Threshold Level ◽  
Supply Curve ◽  
Nonlinear Relationship ◽  
Housing Supply ◽  
Pooled Mean Group ◽  
Housing Starts ◽  
Different Types

The novelty of this paper is to ascertain a nonlinear relationship between housing supply and house price. This study is conducted based on panel dataset of four different types of houses in Malaysia from 2002Q3 through 2016Q4. Although housing supply has been theoretically assumed to be positively and linearly related to house price, we observed that the number of new houses build in Malaysia has declined despite the increasing house prices. Hence, we posit that housing supply and house price are nonlinearly related. The results from pooled mean group estimation show the existence of inverted U-shaped housing supply curve. The threshold level of house price index is found at 186.92 where the effect of house price on housing starts will become negative after this point. We also find that the marginal effects of house price evaluated at the minimum and maximum levels are positive and negative, respectively, and statistically significant. This paper suggests that the squared term of house price should be included in estimating housing supply in Malaysia. The evidence of inverted U-shaped housing supply curve in Malaysia shows that housing authorities have taken steps to overcome the challenges of oversupply by reducing the approvals for housing development projects.

Projecting Housing Starts and Softwood Lumber Consumption in the United States

2017 ◽  
Author(s):  
Jeffrey P. Prestemon ◽  
David N. Wear ◽  
Karen L. Abt ◽  
Robert C. Abt
Keyword(s):  
United States ◽  
The United States ◽  
Softwood Lumber ◽  
Housing Starts
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