Nonmetro Areas Gain in New Housing Market

Melanie Roth and Peggy Matthews Nilsen

No 333874, Rural Development Research Reports from United States Department of Agriculture, Economic Research Service

Abstract: The nonmetro share of total U.S. housing completions, declining since 1976, began to grow in 1981. Both metro and nonmetro areas, however, have seen housing completions drop by about 46 percent since 1979. Median size of new nonmetro homes increased in 1982, while new nonmetro home size decreased. The 1982 price of new nonmetro homes sold increased slightly, while prices of new metro homes declined for the first time in a decade. The proportion of housing financed by conventional sources decreased 35 percent in metro areas, but only 28 percent in nonmetro areas. FHA-insured financing and cash payments increased dramatically in both areas. Use of less conventional heating fuels and heating systems is increasing in nonmetro homes, while electricity, as a fuel source, has increased in metro homes by close to 20 percent since 1976.

Keywords: Community/Rural/Urban Development; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 4
Date: 1983-12
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/333874/files/RDRR38.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ersrdr:333874

DOI: 10.22004/ag.econ.333874

Access Statistics for this paper

More papers in Rural Development Research Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().