Industry Concentration and Regional Housing Market Performance

James Barth, Justin D. Benefield and Harris Hollans

Journal of Regional Analysis and Policy, 2015, vol. 45, issue 2

Abstract: Prior literature has analyzed determinants of housing appreciation rates at the regional level, including several studies on inter-regional differences. Generally, these previous studies have identified income, population shifts, and other demographic changes as the most im-portant factors in explaining regional price appreciation for single-family residential proper-ties. Existing literature has not considered the impact that regional industry concentration might have on regional housing appreciation. This study uses a Federal Housing Finance Ad-ministration price index, along with demographic and industry concentration data collected from the U.S. Census and the Bureau of Labor Statistics, to investigate whether a more or less highly concentrated industry base, as measured by a Herfindahl index, contributes to regional housing market performance. The questions of housing market impacts related to increasing concentration for a reasonably diversified metropolitan statistical area and impacts related to increasing diversification for an already-concentrated area are also examined.

Keywords: Community/Rural/Urban Development; Consumer/Household Economics; Public Economics (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/243985/files/jrap_v45_n2_a2_barth_etal.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:jrapmc:243985

DOI: 10.22004/ag.econ.243985

Access Statistics for this article

More articles in Journal of Regional Analysis and Policy from Mid-Continent Regional Science Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().