Homebuilders’ Sentiment and Housing Activity: Evidence of Differential Regional Effects

Nazneen Ahmad and Hien Nguyen

Journal of Housing Research, 2024, vol. 33, issue 2, 141-158

Abstract: The primary purpose of this study is to explore whether a shock to homebuilder sentiment generates similar effects on single-family housing activities across regions in the United States. Our findings show that of the four census regions, the South is the most sensitive to a sentiment shock, whereas the Northeast is the least sensitive. Regional differences in economic as well as noneconomic factors appear to drive the differential impacts.

Date: 2024
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DOI: 10.1080/10527001.2023.2242077

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