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The Housing Life-Cycle and the Transition from Renting to Owning a Home in the United States: A Multistate Analysis

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  • H A Morrow-Jones

    (Department of City and Regional Planning, 190 West 17th Avenue, Ohio State University, Columbus, OH 43210-1320, USA)

Abstract

In this paper the concepts of the housing life-cycle and housing occupancy patterns in the United States are examined. The focus is on the move from renting to owning a home in the young adult years of life. Data from the national American Housing Survey, for the years 1974–1983, are combined with the techniques of multistate demography to produce housing life summary statistics and rates of movement by age. Parameterized curves are fitted to the empirical age-rate schedules and exogenous variables used to explain variation in the parameters related to young adults. Three simple, projection scenarios are also examined. The results indicate the importance of life-cycle factors and economic conditions in the shift from renting to owning a home.

Suggested Citation

  • H A Morrow-Jones, 1988. "The Housing Life-Cycle and the Transition from Renting to Owning a Home in the United States: A Multistate Analysis," Environment and Planning A, , vol. 20(9), pages 1165-1184, September.
    • Handle: RePEc:sae:envira:v:20:y:1988:i:9:p:1165-1184
    DOI: 10.1068/a201165
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    References listed on IDEAS

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    1. Robert M. Buckley & Robert A. Van Order, 1982. "Housing and the Economy: Popular Myths," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 10(4), pages 421-441, December.
    2. Long, John F., 1984. "U.S. national population projections methods: A view from four forecasting traditions," Insurance: Mathematics and Economics, Elsevier, vol. 3(4), pages 231-239, October.
    3. Alden Speare, 1970. "Home ownership, life cycle stage, and residential mobility," Demography, Springer;Population Association of America (PAA), vol. 7(4), pages 449-458, November.
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    Cited by:

    1. Abdul Munasib & Donald Haurin, 2007. "Time to First Homeownership:Racial Differences, and the Impact of 1986 Tax Reform Act," Economics Working Paper Series 0701, Oklahoma State University, Department of Economics and Legal Studies in Business, revised 2007.
    2. Abdul Munasib, 2009. "Housing Tenure Choice Implications of Social Networks: A Structural Model Approach," Economics Working Paper Series 0905, Oklahoma State University, Department of Economics and Legal Studies in Business.

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