Skip to Main Content
U.S. Forest Service
Caring for the land and serving people

United States Department of Agriculture

Home > Search > Publication Information

  1. Share via EmailShare on FacebookShare on LinkedInShare on Twitter
    Dislike this pubLike this pub
    Author(s): Claire A. Montgomery
    Date: 1989
    Source: Res. Pap. PNW-RP-412. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 39 p
    Publication Series: Research Paper (RP)
    Station: Pacific Northwest Research Station
    PDF: View PDF  (2.02 MB)

    Description

    A model of U.S. housing demand and supply was developed that projects housing starts for use in long-term forest planning. Housing demand was shown to respond to the current sale price and the user capital cost of housing and to the size and age composition of the population. Current sale price is determined in the new construction market. Supply of new construction was modeled and was shown to have a supply price elasticity of zero. The choice of housing type was shown to respond to the age of the householder and, in some age classes, to the price of housing services. Two projections of housing starts by housing type from 1987 to 2040 were produced; they differ in the assumed rate of discards from the existing housing stock.

    Publication Notes

    • You may send email to pnw_pnwpubs@fs.fed.us to request a hard copy of this publication.
    • (Please specify exactly which publication you are requesting and your mailing address.)
    • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

    Citation

    Montgomery, Claire A. 1989. Longrun supply and demand of new residential construction in the United States: 1986 to 2040. Res. Pap. PNW-RP-412. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 39 p

    Cited

    Google Scholar

    Keywords

    Housing markets, housing demand, new residential construction

    Related Search


    XML: View XML
Show More
Show Fewer
Jump to Top of Page
https://www.fs.usda.gov/treesearch/pubs/9247