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Hot and Cold Seasons in the Housing Market: Comment

Dean Scrimgeour

No 2020-03, Working Papers from Department of Economics, Colgate University

Abstract: Using American Housing Survey data from 1999 only, Ngai and Tenreyro (2014) show households who move in the summer occupy their home for longer and have fewer and less costly renovations soon after purchase, pointing to superior match quality during the thicker summer market. However, applying the same methods to other years of the American Housing Survey eliminates or substantially weakens these results. Furthermore, Ngai and Tenreyro’s result on duration of occupancy is driven in part by the particular way Ngai and Tenreyro measure duration in years, rather than months.

Keywords: housing; seasonality; duration models (search for similar items in EconPapers)
JEL-codes: R21 R31 (search for similar items in EconPapers)
Date: 2020-06-09, Revised 2020-06-22
New Economics Papers: this item is included in nep-ure
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