International Real Estate Review

2002 ◽  
Vol 5 (1) ◽  
pp. 133-145
Author(s):  
Wen-chieh Wu ◽  
◽  
Sue-Jing Lin ◽  
Keyword(s):  
Standard Error ◽  
Housing Price ◽  
Demand Estimation ◽  
Housing Demand ◽  
Group Effect ◽  
Group Level ◽  
Random Group ◽  
Elasticity Of Demand ◽  
The Us ◽  
Income Elasticity Of Demand

This paper examines the random group effect, which has usually not been considered in traditional housing demand studies. Frequently, group level variables are used in housing demand estimation due to the data constraint. For instance, the US Index of Housing Price per administrative area is often used to measure the housing price when estimating the US price elasticity of demand for housing, and the average household income is often used as a proxy for the individual income in Taiwan when estimating the income elasticity of demand for housing. Econometricians argue that the traditional OLS estimation, when the random group effect is ignored, has been considered to have a downward bias in the estimated standard error. By following Amemiya (1978) and Borjas and Sueyoshi (1994), we propose a two-stage estimation technique to estimate housing demand with the random group effect. Using Taiwan’s cross-sectional survey data, we found that the standard error of the estimated coefficient for the group level income variable is underestimated in the traditional unadjusted OLS specification. This finding suggests that there may be a danger of spurious regression in the traditional OLS housing demand estimation.

The Income Elasticity of Demand in a Sub-Saharan African Housing Market: Evidence from Ibadan, Nigeria

1994 ◽  
Vol 26 (1) ◽  
pp. 107-119 ◽  
Author(s):  
B C Arimah
Keyword(s):  
Income Elasticity ◽  
Housing Demand ◽  
Elasticity Of Demand ◽  
Composite Product ◽  
Sub Saharan ◽  
Using Data ◽  
Income Elasticity Of Demand ◽  
The City ◽  
The Empirical Analysis ◽  
Ibadan Nigeria

Very little is known about the behaviour of housing demand in sub-Saharan housing markets. This ostensibly is due to the dearth of such studies in this region. In this paper the author estimates the parameters of the demand for housing, using data drawn from the city of Ibadan in Nigeria. The empirical analysis, in which housing is viewed as a composite product, reveals that the demand for housing is income inelastic. Specifically, income-elasticity estimates for renters and owners are 0.88 and 0.56, respectively. Furthermore, these income-elasticity estimates were found to be higher than those reported for other African cities.

scholarly journals ANALISIS PERMINTAAN KEDELAI DI INDONESIA

2017 ◽  
Vol 12 (1) ◽  
pp. 42
Author(s):  
Septi Rostika Anjani ◽  
Dwidjono Hadi Darwanto ◽  
Jangkung Handoyo Mulyo
Keyword(s):  
Regression Analysis ◽  
Capita Income ◽  
Income Elasticity ◽  
Descriptive Analysis ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Per Capita Income ◽  
Elasticity Of Demand ◽  
Per Capita ◽  
Income Elasticity Of Demand

This study aims to analyze the factors that influence the demand of soybean in Indonesia. The research method uses descriptive analysis of secondary data which includes the price of imported soybeans, the price of chicken, per capita  income,  the rate of inflation and import tariff policy  year period 1980-2013 which sourced from FAO  and  other  sources.  Estimation  of  demand  function  using  multiple  linear regression  analysis  were  transformed  in  the  form  of  natural  logarithm.  Regression analysis showed that soybean demand in Indonesia was influenced partially by prices of chicken, per capita income, and the rate of inflation. The price elasticity of demand of soybean in Indonesia is inelastic, that is equal 0,22. While the income elasticity of demand  for  soybeans  is  positive  which  means  that  soy  is  a  staple  item  for  the Indonesian people.

scholarly journals Potential Implementation of Lightweight Steel Panel System in Affordable Housing Project: Developers Perspective

2020 ◽  
Vol 11 (3) ◽  
Author(s):  
Misriyanti Saikah ◽  
◽  
Narimah Kasim ◽  
Rozilah Kasim ◽  
◽  
...  
Keyword(s):  
Construction Industry ◽  
Affordable Housing ◽  
Housing Price ◽  
Housing Demand ◽  
Housing Quality ◽  
Housing Construction ◽  
Housing Project ◽  
Middle Income ◽  
Steel Panel ◽  
Lightweight Steel

Utilization of Industrialized Building System (IBS) becomes increasingly dominant in the construction of affordable housing in Malaysia. Theoretically, utilization of IBS system can benefit to reduce the affordable housing price due to the less labor involvement and short constructions time. However, current IBS usage in housing construction still cannot fulfill the affordable housing demand especially in term of price and housing quality. Recent study reveals the lack adoption of IBS component in construction industry mainly caused by poor perception among stakeholder toward the system. Hence, some alterations in the supply of the IBS component essential to being prepared in order to reach the price target to permit all middle-income groups to own the quality house. Construction industry also can explore the other types of IBS system focusing on lightweight types such as wood or steel system which clearly could give benefit to the housing industry on faster works and high housing quality. Due to strong and durable characteristic of lightweight steel panel, it can be seen as an alternative component to be explored to enhance construction practices of affordable housing project. Therefore, the main purpose of this study is to identify the potential of lightweight steel panel system to be implemented for affordable housing project. Accordingly, for the highlight in reducing affordable housing price integrate with provision of good quality housing this research focus on feedback from developer about the proposed lightweight steel panel system. This research conducted an interview with six project managers with more than three years working experience in housing construction project at South of Peninsular Malaysia. Developer’s experience in affordable housing project mainly for landed house is coinciding because of lightweight steel panel system suitability for not more than two stories house. The result reveals that, respondent prefer to the advantages of lightweight steel panel system in term of faster installation works, low maintenance work, flexibility and smart construction. In conclusion, the ability of the system to decrease housing price at the same time sustain the desired quality of housing will increase ability and satisfaction for middle-income earner to own the house.

Housing Demand Estimation Based on Express Delivery Data

2019 ◽  
Vol 13 (4) ◽  
pp. 1-25
Author(s):  
Qingyang Li ◽  
Zhiwen Yu ◽  
Bin Guo ◽  
Huang Xu ◽  
Xinjiang Lu
Keyword(s):  
Demand Estimation ◽  
Housing Demand ◽  
Express Delivery

An analysis on housing affordability in Malaysian housing markets and the home buyers’ preference

2019 ◽  
Vol 13 (3) ◽  
pp. 375-392 ◽  
Author(s):  
Amy Soon ◽  
Consilz Tan
Keyword(s):  
Housing Policy ◽  
Affordable Housing ◽  
Urban Areas ◽  
Housing Price ◽  
Housing Markets ◽  
Housing Demand ◽  
Housing Affordability ◽  
Monthly Income ◽  
Content Type ◽  
Residential Units

Purpose This paper aims to investigate the housing preference and housing affordability in Malaysian housing markets. There is a lack of research on the gap between supply and demand of houses in this market. Urbanization has increased the demand of houses in urban areas. However, the high demand in residential units increases the housing price which causes the affordability level dropped. Besides, the residences that provided by developers do not meet the expectation of the home buyers. There are three attributes that examined in this research to understand the home buyers’ preference. Design/methodology/approach This paper provides quantitative analysis on the housing affordability and the home buyers’ preference. This paper presents the results on the home buyers’ housing affordability and buying preference on houses. In addition, the study further confirmed the significant relationship between monthly income and type of preferred house, as well as monthly income and range of housing affordability using cross-tabulation analysis. Findings The findings indicated that the housing price in the current market is not affordable by most of the homebuyers and there are certain attributes that important to home buyers which should not be neglected. Research limitations/implications This paper helps to shed light on the planning of Malaysian housing policy especially on the issue of providing affordable housing in urban areas. Practical implications Policymakers shall consider the elements of economics, social acceptance and feasibility of Malaysian housing policies to achieve sustainability in Malaysian housing markets. With the current government’s move to promote housing affordability amongst B40 income groups, local government and housing developers should work together in addressing housing demand in accordance to states and ensure that there is a more targeted housing policy. Social implications With the detailed analysis on the home buyers’ preference, it helps to promote sustainable housing developments in meeting basic housing needs and preference. Originality/value This is the first study to examine relationship between Malaysian housing affordability with monthly income and type of preferred house. In the meantime, the housing affordability is compared with mean housing price and type of perceived affordable house. The paper presented homebuyer’s preference in housing for the consideration of government and housing developers in providing affordable housing.

Research about the Disequilibrium Degree of Supplying and Demanding Market for Newly-Built Commodity-Housing from 1998 to 2011 in Xian

2013 ◽  
Vol 838-841 ◽  
pp. 3115-3118
Author(s):  
Jian Ping Yang ◽  
Fan Ming Meng
Keyword(s):  
Supply And Demand ◽  
Housing Price ◽  
Housing Demand ◽  
The State ◽  
Land Supply ◽  
Equilibrium Degree ◽  
Load Rate ◽  
Per Capita ◽  
Spss Software ◽  
Disequilibrium Theory

Basing on the disequilibrium theory, taking use of SPSS software, taking advantaging of multiple linear regression methodology, this article analyzed the state of supply and demand of newly built commodity-housing market from1998 to 2011 in Xian, constructed the equation about land supply, housing price, load rate and housing-supply, and constructed the equation about per capita disposable income, and housing-demand. Basing on the supply-equation and demand-equation, this article obtained the state of supply and demand of new-built commodity- housing in Xian, at last, calculated the non-equilibrium degree and drew a conclusion.

scholarly journals A Dynamic Model of Housing Demand: Estimation and Policy Implications

2010 ◽  
Author(s):  
Patrick Bajari ◽  
Phoebe Chan ◽  
Dirk Krueger ◽  
Daniel Miller
Keyword(s):  
Dynamic Model ◽  
Demand Estimation ◽  
Housing Demand ◽  
Policy Implications
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