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A Hedonic Price Comparison of Manufactured and Site-Built Homes in the Non-MSA United States

Author

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  • Stephanie E. Vanderford

    (Department of Housing and Consumer Economics, University of Georgia, 305 Sanford Drive, Athens, Georgia 30602-2622)

  • Yoko Mimura
  • Anne L. Sweaney

Abstract

This research used the hedonic price technique to focus on a housing characteristic that has been studied infrequently: whether a home is site-built or manufactured. Two hedonic price regression models were used to determine the predictive power of construction type on home price. The first, which controlled for factors found to relate to home prices in previous research, showed a significant difference between the prices of the two types of homes. The second, which also included other variables through a stepwise regression, found that the type of construction had more predictive power than any other explanatory variable in the model

Suggested Citation

  • Stephanie E. Vanderford & Yoko Mimura & Anne L. Sweaney, 2005. "A Hedonic Price Comparison of Manufactured and Site-Built Homes in the Non-MSA United States," Journal of Real Estate Research, American Real Estate Society, vol. 27(1), pages 83-104.
    • Handle: RePEc:jre:issued:v:27:n:1:2005:p:83-104
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    References listed on IDEAS

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    Cited by:

    1. Becker, Charles & Rickert, Timothy, 2019. "Zoned out? The determinants of manufactured housing rents: Evidence from North Carolina," Journal of Housing Economics, Elsevier, vol. 46(C).
    2. Prodosh Simlai, 2018. "Spatial Dependence, Idiosyncratic Risk, and the Valuation of Disaggregated Housing Data," The Journal of Real Estate Finance and Economics, Springer, vol. 57(2), pages 192-230, August.
    3. Koirala, Bishwa S. & Bohara, Alok K. & Berrens, Robert P., 2014. "Estimating the net implicit price of energy efficient building codes on U.S. households," Energy Policy, Elsevier, vol. 73(C), pages 667-675.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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