IDEAS home Printed from https://ideas.repec.org/a/eee/jomega/v24y1996i5p561-576.html
   My bibliography  Save this article

Forecasting army housing supply with a DSS-delivered econometric model

Author

Listed:
  • Forgionne, G. A.

Abstract

The United States Department of the Army must provide its personnel with acceptable housing at minimum cost within the vicinity of military installations. To achieve these housing objectives, the Army often must enter into agreements for the construction of onpost housing or for the long-term leasing of existing housing. A decision support system, called HANS, has been developed to project the amount of construction or the number of leases that must be arranged. A key component of HANS is an econometric model that forecasts the quantities of offpost rental housing available for Army personnel. This paper describes the latest version of the model and its role in the construction and leasing request process. It also presents the benefits from using the econometric model and discusses the implications for public housing theory and military housing management practice.

Suggested Citation

  • Forgionne, G. A., 1996. "Forecasting army housing supply with a DSS-delivered econometric model," Omega, Elsevier, vol. 24(5), pages 561-576, October.
    • Handle: RePEc:eee:jomega:v:24:y:1996:i:5:p:561-576
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0305-0483(96)00022-9
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Izraeli, Oded, 1987. "The effect of environmental attributes on earnings and housing values across SMSAs," Journal of Urban Economics, Elsevier, vol. 22(3), pages 361-376, November.
    2. Read, Colin, 1993. "Tenants' search and vacancies in rental housing markets," Regional Science and Urban Economics, Elsevier, vol. 23(2), pages 171-183, April.
    3. Rapaport, Carol, 1992. "Rent Regulation and Housing-Market Dynamics," American Economic Review, American Economic Association, vol. 82(2), pages 446-451, May.
    4. Turnbull, Geoffrey K., 1988. "Market structure, location rents, and the land development process," Journal of Urban Economics, Elsevier, vol. 23(3), pages 261-277, May.
    5. G. Donald Jud & James Frew, 1990. "Atypicality and the Natural Vacancy Rate Hypothesis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 18(3), pages 294-301, September.
    6. Lawrence D. Jones, 1989. "Current Wealth and Tenure Choice," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(1), pages 17-40, March.
    7. Case, Karl E & Shiller, Robert J, 1989. "The Efficiency of the Market for Single-Family Homes," American Economic Review, American Economic Association, vol. 79(1), pages 125-137, March.
    8. Kim, Sunwoong, 1992. "Search, Hedonic Prices and Housing Demand," The Review of Economics and Statistics, MIT Press, vol. 74(3), pages 503-508, August.
    9. Rosenthal, Stuart S. & Duca, John V. & Gabriel, Stuart A., 1991. "Credit rationing and the demand for owner-occupied housing," Journal of Urban Economics, Elsevier, vol. 30(1), pages 48-63, July.
    10. Turnbull, Geoffrey K., 1989. "Household behavior in a monocentric urban area with a public sector," Journal of Urban Economics, Elsevier, vol. 25(1), pages 103-115, January.
    11. Stuart A. Gabriel & Frank E. Nothaft, 1988. "Rental Housing Markets and the Natural Vacancy Rate," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 419-429, December.
    12. Harrington, David E., 1989. "An intertemporal model of housing demand: Implications for the price elasticity," Journal of Urban Economics, Elsevier, vol. 25(2), pages 230-246, March.
    13. Weber, Shlomo & Wiesmeth, Hans, 1987. "Contract equilibria in a regulated rental housing market," Journal of Urban Economics, Elsevier, vol. 21(1), pages 59-68, January.
    14. Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119.
    15. Turnbull, Geoffrey K, 1991. "The Spatial Demand for Housing with Uncertain Quality," The Journal of Real Estate Finance and Economics, Springer, vol. 4(1), pages 5-17, March.
    16. Lichtenstein, Larry & Kern, Clifford R., 1987. "The cost of quality in existing housing: Estimates from an implicit markets model," Journal of Urban Economics, Elsevier, vol. 22(3), pages 324-339, November.
    17. Goodman, John Jr., 1992. "Adjustable-rate mortgages and aggregate demand for mortgage credit," Journal of Housing Economics, Elsevier, vol. 2(1), pages 1-16, March.
    18. Horowitz, Joel L., 1987. "Identification and stochastic specification in Rosen's hedonic price model," Journal of Urban Economics, Elsevier, vol. 22(2), pages 165-173, September.
    19. Rubin, Jeffrey I. & Seneca, Joseph J., 1991. "Density bonuses, exactions, and the supply of affordable housing," Journal of Urban Economics, Elsevier, vol. 30(2), pages 208-223, September.
    20. Michael D. Boldin, 1993. "Econometric analysis of the recent downturn in housing construction: was it a credit-crunch?," Research Paper 9332, Federal Reserve Bank of New York.
    21. Jones, Lawrence D, 1990. "Current Wealth Constraints on the Housing Demand of Young Owners," The Review of Economics and Statistics, MIT Press, vol. 72(3), pages 424-432, August.
    22. Hoyt, William H & Rosenthal, Stuart S, 1990. "Capital Gains Taxation and the Demand for Owner-Occupied Housing," The Review of Economics and Statistics, MIT Press, vol. 72(1), pages 45-54, February.
    23. Kinzy, Scott A., 1992. "An analysis of the supply of housing characteristics by builders within the Rosen framework," Journal of Urban Economics, Elsevier, vol. 32(1), pages 1-16, July.
    24. Smith, Jeffrey W., 1989. "A theoretical analysis of the supply of housing," Journal of Urban Economics, Elsevier, vol. 26(2), pages 174-188, September.
    25. B. F. Reece, 1988. "The Price‐Adjustment Process for Rental Housing: Some Further Evidence," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 411-418, December.
    26. Goodman, Allen C., 1988. "An econometric model of housing price, permanent income, tenure choice, and housing demand," Journal of Urban Economics, Elsevier, vol. 23(3), pages 327-353, May.
    27. Alm James & Follain James R., 1994. "Shocks and Valuation in the Rental Housing Market," Journal of Urban Economics, Elsevier, vol. 36(2), pages 117-142, September.
    28. Geoffrey K. Turnbull, 1992. "Location, Housing, and Leisure Demand under Local Employment," Land Economics, University of Wisconsin Press, vol. 68(1), pages 62-71.
    29. Moon, Choon-Geol & Stotsky, Janet G, 1993. "Efficient Estimation of the Costs of Rent Controls: A Comment," The Review of Economics and Statistics, MIT Press, vol. 75(1), pages 184-187, February.
    30. Thomas J. Miceli, 1989. "Housing Rental Contracts and Adverse Selection with an Application to the Rent‐Own Decision," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(4), pages 403-421, December.
    31. Turnbull, Geoffrey K., 1994. "Housing demand properties in the monocentric market form," Regional Science and Urban Economics, Elsevier, vol. 24(2), pages 253-263, April.
    32. Smith, Lawrence B & Rosen, Kenneth T & Fallis, George, 1988. "Recent Developments in Economic Models of Housing Markets," Journal of Economic Literature, American Economic Association, vol. 26(1), pages 29-64, March.
    33. Colin Read, 1988. "Advertising and Natural Vacancies in Rental Housing Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 354-363, December.
    34. Phillips, Richard A & Vanderhoff, James H, 1991. "Two-Earner Households and Housing Demand: The Effect of the Wife's Occupational Choice," The Journal of Real Estate Finance and Economics, Springer, vol. 4(1), pages 83-91, March.
    35. James R. Follain & David C. Ling, 1988. "Another Look at Tenure Choice, Inflation, and Taxes," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(3), pages 207-229, September.
    36. Goodman, Allen C., 1990. "Demographics of individual housing demand," Regional Science and Urban Economics, Elsevier, vol. 20(1), pages 83-102, June.
    37. Raymond Jackson, 1993. "Rent Control and The Supply of Housing Services: The Brookline Massachusetts Experience," American Journal of Economics and Sociology, Wiley Blackwell, vol. 52(4), pages 467-475, October.
    38. Colin Read, 1991. "A Price Dispersion Equilibrium in a Spatially Differentiated Housing Market with Search Costs," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 19(4), pages 532-547, December.
    39. Cooke, Timothy W., 1988. "Mortgage and rental qualification criteria, household location decisions, and urban form," Journal of Urban Economics, Elsevier, vol. 23(3), pages 354-369, May.
    40. James D. Reschovsky, 1990. "Residential Immobility of the Elderly: An Empirical Investigation," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 18(2), pages 160-183, June.
    41. Van Order, Robert & Dougherty, Ann, 1991. "Housing demand and real interest rates," Journal of Urban Economics, Elsevier, vol. 29(2), pages 191-201, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Patrick Krieger & Carsten Lausberg, 2021. "Entscheidungen, Entscheidungsfindung und Entscheidungsunterstützung in der Immobilienwirtschaft: Eine systematische Literaturübersicht [Decisions, decision-making and decisions support systems in r," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 7(1), pages 1-33, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Isaac F. Megbolugbe & Peter D. Linneman, 1993. "Home Ownership," Urban Studies, Urban Studies Journal Limited, vol. 30(4-5), pages 659-682, May.
    2. Judith Yates, 2000. "Is Australia's Home-ownership Rate Really Stable? An Examination of Change between 1975 and 1994," Urban Studies, Urban Studies Journal Limited, vol. 37(2), pages 319-342, February.
    3. Hansen, Julia L. & Formby, John P. & Smith, W. James, 1998. "Estimating the Income Elasticity of Demand for Housing: A Comparison of Traditional and Lorenz-Concentration Curve Methodologies," Journal of Housing Economics, Elsevier, vol. 7(4), pages 328-342, December.
    4. repec:spo:wpecon:info:hdl:2441/8988 is not listed on IDEAS
    5. Forgionne, Guisseppi A., 1997. "HADTS: A decision technology system to support Army housing management," European Journal of Operational Research, Elsevier, vol. 97(2), pages 363-379, March.
    6. Gabriel Desgranges & Étienne Wasmer, 2000. "Appariements sur le marché du logement," Annals of Economics and Statistics, GENES, issue 58, pages 253-287.
    7. Etienne Wasmer, 2005. "Housing market discrimination, housing regulations and intermediaries," Post-Print hal-01053551, HAL.
    8. Blackley, Dixie M. & Follain, James R., 1996. "In search of empirical evidence that links rent and user cost," Regional Science and Urban Economics, Elsevier, vol. 26(3-4), pages 409-431, June.
    9. repec:hal:spmain:info:hdl:2441/9023 is not listed on IDEAS
    10. Jeremy C. Stein, 1993. "Prices and Trading Volume in the Housing Market: A Model with Downpayment Effects," NBER Working Papers 4373, National Bureau of Economic Research, Inc.
    11. repec:hal:wpspec:info:hdl:2441/8988 is not listed on IDEAS
    12. Henrik Cronqvist & Florian Münkel & Stephan Siegel, 2014. "Genetics, Homeownership, and Home Location Choice," The Journal of Real Estate Finance and Economics, Springer, vol. 48(1), pages 79-111, January.
    13. repec:hal:spmain:info:hdl:2441/8988 is not listed on IDEAS
    14. Gabriel Desgranges & Étienne Wasmer, 2000. "Appariements sur le marché du logement," Annals of Economics and Statistics, GENES, issue 58, pages 253-287.
    15. Jan Rouwendal, 2009. "Housing Wealth and Household Portfolios in an Ageing Society," De Economist, Springer, vol. 157(1), pages 1-48, March.
    16. Marshall, Maria I. & Marsh, Thomas L., 2007. "Consumer and investment demand for manufactured housing units," Journal of Housing Economics, Elsevier, vol. 16(1), pages 59-71, March.
    17. Dixie M. Blackley & James R. Follain, 1995. "In Search of Empirical Evidence that Links Rent and User Cost," NBER Working Papers 5177, National Bureau of Economic Research, Inc.
    18. Lim, William W., 1997. "Observing Sunspots at Home," Journal of Housing Economics, Elsevier, vol. 6(3), pages 203-222, September.
    19. Philippe Thalmann, 2012. "Housing Market Equilibrium (almost) without Vacancies," Urban Studies, Urban Studies Journal Limited, vol. 49(8), pages 1643-1658, June.
    20. Rose Lai & Ko Wang & Jing Yang, 2007. "Stickiness of Rental Rates and Developers’ Option Exercise Strategies," The Journal of Real Estate Finance and Economics, Springer, vol. 34(1), pages 159-188, January.
    21. Etienne Wasmer, 2005. "Housing market discrimination, housing regulations and intermediaries," SciencePo Working papers hal-01053551, HAL.
    22. Justo Manrique & Kalu Ojah, 2003. "The demand for housing in Spain: an endogenous switching regression analysis," Applied Economics, Taylor & Francis Journals, vol. 35(3), pages 323-336.
    23. Rapaport, Carol, 1997. "Housing Demand and Community Choice: An Empirical Analysis," Journal of Urban Economics, Elsevier, vol. 42(2), pages 243-260, September.
    24. Edwin Van Gameren & Michiel Ras & Evelien Eggink & Ingrid Ooms, 2005. "The demand for housing services in the Netherlands," ERSA conference papers ersa05p327, European Regional Science Association.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jomega:v:24:y:1996:i:5:p:561-576. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.