Overbuilt Housing: Criteria for Success

William C. Goolsby and Lenahan O'Connell
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William C. Goolsby: Department of Finance Stokely Management Center The University of Tennessee, Knoxville Knoxville, Tennessee 37996-0540, http://bus.utk.edu/finance/default.html
Lenahan O'Connell: Department of Sociology Stokely Management Center The University of Tennessee, Knoxville Knoxville, Tennessee 37996-0540, http://bus.utk.edu/finance/default.html

Journal of Real Estate Research, 1988, vol. 3, issue 1, 51-59

Abstract: Fifteen to 21% of new single-family homes are built by the owner. Yet little is known about the factors that contribute to the success or failure of these projects. This study utilized a survey of ownerbuilders in Knox County, Tennessee to examine this question. The results indicate that skill with tools, contributions of friends and relatives, and prior experience in building houses were important factors. Ownerbuilders made substantial wealth gains and were able to achieve ownership of larger and better quality homes.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1988
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