Forecasting trends in the housing stock using age-specific demographic projections Public Deposited

Creator Series Keyword Subject Abstract
  • Cointegration tests are used to examine the basic long-term relation between population and the housing stock. There is some weak evidence of a long-run relation between the constant-cost value of the housing stock and population-driven demand. Much stronger evidence exists for a long-term relation between owner-occupied housing units and the adult population. We generally cannot reject that the number of housing units intended for owner-occupancy has adjusted in proportion to the population 25 years of age and older. Using these results and current population projections, we produce trend forecasts through the year 2010 for the owner-occupied housing stock and single-family housing starts in the U.S.
Corporate Author
  • Federal Reserve Bank of Minneapolis. Research Department.
Date Created
  • 1990-09
Date Modified
  • 08/22/2018
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