Housing Services Price Inflation PDF Download
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Author | : Marianna Kudlyak |
Publisher | : |
Total Pages | : 23 |
Release | : 2018 |
Genre | : |
ISBN | : |
Download Housing Services Price Inflation Book in PDF, ePub and Kindle
We provide an explanation of how inflation of the price of housing services is measured by the Bureau of Labor Statistics and describe alternative approaches. We then describe the contribution of inflation of the price of housing services to inflation in the consumer price index during the Great Recession and its aftermath. Finally, we examine new data series that provide additional information about the rental market for housing services and use this information to evaluate the direction of the pressure on housing services price inflation.
Author | : Leo Grebler |
Publisher | : Free Press |
Total Pages | : 280 |
Release | : 1979 |
Genre | : Business & Economics |
ISBN | : |
Download The Inflation of House Prices, Its Extent, Causes, and Consequences Book in PDF, ePub and Kindle
Author | : John A. Tuccillo |
Publisher | : |
Total Pages | : 200 |
Release | : 1981 |
Genre | : Business & Economics |
ISBN | : |
Download House Prices and Inflation Book in PDF, ePub and Kindle
Author | : Dinah Maclean |
Publisher | : |
Total Pages | : 76 |
Release | : 1994 |
Genre | : Banks and banking |
ISBN | : |
Download The Role of House Prices in Regional Inflation Disparities Book in PDF, ePub and Kindle
This paper explores in some detail regional disparities in the price of housing. It explores the theoretical reasons why rates of house price inflation are more likely to vary across regions than those of more tradable goods and services. It provides an overview of regional house price inflation disparities in relation to disparities in the general inflation rate. It also considers the role of regional demand shocks. Finally it ascertains the extent to which regional house prices are influenced by both local and national factors.
Author | : Jonathan McCarthy |
Publisher | : DIANE Publishing |
Total Pages | : 41 |
Release | : 2011 |
Genre | : Law |
ISBN | : 1437929311 |
Download Measurement of Rent Inflation Book in PDF, ePub and Kindle
This is a print on demand edition of a hard to find publication. Rent, paid either to a landlord or to oneself as an owner-occupant, has a large weight in the CPI and in the personal consumption expenditures deflator. The authors describe how the Bureau of Labor Stat. (BLS) estimates tenant rent and owners¿ equivalent rent. They then estimate alternative inflation rates for tenant rent and owners¿ equivalent rent based on Amer. Housing Survey data, following BLS methodology as closely as possible. The authors¿ alternative tenant rent inflation series is generally consistent with the corresponding BLS series. However, their alternative owners¿ equivalent rent inflation series is consistently lower than the corresponding BLS series by an amount large enough to have a significant effect on the overall inflation rate.
Author | : Reuben Gronau |
Publisher | : |
Total Pages | : 15 |
Release | : 2019 |
Genre | : |
ISBN | : |
Download Some Thoughts on the Housing Component of the Consumer Price Index Book in PDF, ePub and Kindle
The past two decades were a turnaround as far as inflation concerned. For the first time in Israel's history, it enjoyed “price stability”. In 2003, the government set the inflation target at its current level of 1-3 percent, and though the inflation rate stayed within this range in only five of the next fourteen years, the average annual inflation rate since then was well within the target (1.2 percent). The combination of the modest pace and the small number of “hits” reflects the considerable volatility of price changes of the consumption basket. No component of the Consumer Price Index (CPI) contributed more to this volatility than the housing price component, measuring the cost of housing “services” (as distinct from the “Dwellings Price Index” index which measures that of the “assets”).1 As Figure 1 shows, whereas in the first 3 years, 1999-2002, the housing price component rose 1.6 times faster than the total CPI for those years, in the following five years, it sank at an annual pace of nearly 2 percent, and was the main reason for the modest CPI inflation in those years. Since then, the housing price component rose 2.5 times more rapidly than have the other components of the CPI, boosting the weight of housing in the basket from 21.4 percent in 1999 to 24.7 percent in 2016.
Author | : Richard K. Green |
Publisher | : The Urban Insitute |
Total Pages | : 240 |
Release | : 2003 |
Genre | : Political Science |
ISBN | : 9780877667025 |
Download A Primer on U.S. Housing Markets and Housing Policy Book in PDF, ePub and Kindle
The first book that explains the economics of housing policy for a general audience. Planners, government officials, and public policy students will find that the economic perspective is a very powerful and useful way to examine these issues. The authors provide a broad review of the market for housing services in the U.S., including a conceptual framework, an overview of housing demand and supply, methods for measuring prices and quantities, and sources of basic data on markets. They cover housing programs and polices, and offer answers to policy questions that are of current interest. The book has been field-tested in graduate and undergraduate courses in urban and housing economics at the University of Wisconsin, the University of California--Berkeley, The University of Pennsylvania, and others. This book is also sure to be useful to policymakers, advocates, economists, and anyone interested in a clear picture of how housing markets function. Published in cooperation with the American Real Estate and Urban Economics Association (AREUEA).
Author | : Pascal Towbin |
Publisher | : International Monetary Fund |
Total Pages | : 35 |
Release | : 2015-07-30 |
Genre | : Business & Economics |
ISBN | : 1513596233 |
Download Price Expectations and the U.S. Housing Boom Book in PDF, ePub and Kindle
Between 1996 and 2006 the U.S. has experienced an unprecedented boom in house prices. As it has proven to be difficult to explain the large price increase by observable fundamentals, many observers have emphasized the role of speculation, i.e. expectations about future price developments. The argument is, however, often indirect: speculation is treated as a deviation from a benchmark. The present paper aims to identify house price expectation shocks directly. To that purpose, we estimate a VAR model for the U.S. and use sign restrictions to identify house price expectation, housing supply, housing demand, and mortgage rate shocks. House price expectation shocks are the most important driver of the boom and account for about 30 percent of the real house price increase. We also construct a model-based measure of exogenous changes in price expectations and show that this measure leads a survey-based measure of changes in house price expectations. Our main identification scheme leaves open whether expectation shifts are realistic or unrealistic. In extensions, we provide evidence that price expectation shifts during the boom were primarily unrealistic and were only marginally affected by realistic expectations about future fundamentals.
Author | : Theodore M. Crone |
Publisher | : |
Total Pages | : 34 |
Release | : 1998 |
Genre | : Housing |
ISBN | : |
Download Measuring Housing Services Inflation Book in PDF, ePub and Kindle
Proposes a hedonic methodology for consistently measuring inflation in housing services, the largest component in the U.S. Consumer Price Index (CPI).
Author | : Karl E. Case |
Publisher | : Lincoln Inst of Land Policy |
Total Pages | : 417 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 9781558441842 |
Download Housing Markets and the Economy Book in PDF, ePub and Kindle
Based on the work of Karl "Chip" Case, who is renowned for his scientific contributions to the economics of housing and public policy, this is a must read during a time of restructuring our nation's system of housing finance.