IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-37248-1_4.html
   My bibliography  Save this book chapter

Demand for Housing

In: Economic Theory and the Construction Industry

Author

Listed:
  • Patricia M. Hillebrandt

Abstract

The construction of housing enables a benefit to be available for direct consumption. In a minority of cases, the client of the industry is the user, as in privately commissioned housing. Most housing, however, is either produced by a private developer in advance of orders by users or by a public, quasi-public or private organisation for renting (or sale) to users. The private developer is known as a speculative builder — speculative in the sense that there is uncertainty as to whether the dwelling will be sold. In this sense at least a large part of the output of manufacturing industry is speculative. The manufacturer of toothbrushes does not know his clients when he produces the brushes. However, the sheer size of the purchase of a house and the fact that it is a postponable capital transaction renders speculative housing a more uncertain business than the manufacture of toothbrushes.

Suggested Citation

  • Patricia M. Hillebrandt, 2000. "Demand for Housing," Palgrave Macmillan Books, in: Economic Theory and the Construction Industry, edition 0, chapter 4, pages 34-54, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37248-1_4
    DOI: 10.1057/9780230372481_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-37248-1_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.