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The Performance of Annual Housing Survey Quality Measures in Explaining Dwelling Rentals in 20 Metropolitan Areas

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  • Kenneth F. Wieand

Abstract

Articles concerned with the Hedonic Estimation of the Price of Housing Services have often employed the concept of housing “quality.” Quality measurement is best defined as employment of distinct variables to classify dwelling attributes which are for some reason not decomposed into their unidimensional components. The Annual Housing Survey reports a series of variables which, describing the performance of housing attributes, may be classified as quality variables. Past studies have not properly identified the stochastic nature of the performance measure‐quality relationships. This paper defines that relationship and devises a procedure to measure the rent performance relationship for twenty cities in the survey. Empirical results confirm the usefulness of the measures explaining housing quality within and among metropolitan areas.

Suggested Citation

  • Kenneth F. Wieand, 1983. "The Performance of Annual Housing Survey Quality Measures in Explaining Dwelling Rentals in 20 Metropolitan Areas," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 11(1), pages 45-68, March.
    • Handle: RePEc:bla:reesec:v:11:y:1983:i:1:p:45-68
    DOI: 10.1111/1540-6229.00279
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    Cited by:

    1. Yi-Kai Juan & I-Chieh Lin, 2018. "Optimal Cost–Quality Trade-Off Model for Differentiating Presale Housing Quality Strategies," Sustainability, MDPI, vol. 10(3), pages 1-17, March.
    2. Ooi, Joseph T.L. & Le, Thao T.T. & Lee, Nai-Jia, 2014. "The impact of construction quality on house prices," Journal of Housing Economics, Elsevier, vol. 26(C), pages 126-138.
    3. He, Jia & Wu, Jing, 2016. "Doing well by doing good? The case of housing construction quality in China," Regional Science and Urban Economics, Elsevier, vol. 57(C), pages 46-53.
    4. David L. Mengle, 1985. "Logit analysis of the effect of rent control on housing quality," Working Paper 85-06, Federal Reserve Bank of Richmond.

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