Time to build and the real-options channel of residential investment
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DOI: 10.1016/j.jfineco.2018.10.019
Abstract: A standard real-options model predicts that time-to-build investment could be delayed by uncertainty over future revenue. We quantify the first-order importance of this mechanism in the 2002–2011 housing boom-bust cycle by developing and estimating a… read more here.
Keywords: real options; build real; time build; investment ... See more keywords
Forecasts of growth in US residential investment: accuracy gains from consumer home-buying attitudes and expectations
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DOI: 10.1080/00036846.2021.1885613
Abstract: ABSTRACT This study focuses on the Federal Reserve and private forecasts of growth in real residential investment. The aim is to improve predictive accuracy by first evaluating these forecasts. The results for 1984–2015 reveal that… read more here.
Keywords: residential investment; forecasts growth; investment; accuracy ... See more keywords