A Structural Model For Net Rental Income In The U.S. Leasing Industry

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A Structural Model For Net Rental Income In The U.S. Leasing Industry

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GOMEZ-SORZANO, Gustavo Alejandro

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Gustavo Alejandro Gomez-Sorzano

Abstract

I estimate a theoretically and statistically satisfying model to account for Net Rental Income (NRI) for one of the largest Real Estate Investment Trust companies (REIT) in the U.S. I claim that I have found an accurate method to forecasts the direction and dollar amount of NRI in the apartment industry in The U.S. that can be extended to the remaining branches of the leasing industry. The variables that together account for ninety seven percent of the variation in NRI for this apartment company are, one-period time lag of lease renewals, the Federal Funds interest rate end of month, total gross potential of the company, total concessions, two-period time lag of move-ins, the ratio between total non-farm employment and total construction permits authorized, the inventory of houses in the U.S, one-period time lag of move-outs and this REIT apartment units occupied.

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Article provided by Euro-American Association of Economic Development in its journal Regional and Sectoral Economic Studies.

Volume (Year): 7 (2007)
Issue (Month): 1 ()
Pages: 67-80
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Handle: RePEc:eaa:eerese:v:7:y2007:i:7_5

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Find related papers by JEL classification:
C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models
C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Other Model Applications
R21 - Urban, Rural, and Regional Economics - - Household Analysis - - - Housing Demand

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GÓMEZ-SORZANO Gustavo A, 2006. "A Structural Model For The Demand For Lease Renewals In The U.S. Leasing Industry," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(1). [Downloadable!] (restricted)

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