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La duración en el mercado de vivienda nueva construida por desarrolladores en México

Author

Listed:
  • Rodríguez Zamora, Carolina

    (Dirección General de Investigación Económica, Banco de México)

  • Morales Ramírez, Alejandro

    (Facultad de Ingeniería, Universidad Nacional Autónoma de México)

Abstract

In this article we study the market duration of new housing built by developers in Mexico between 2013 and 2015. In particular, this document discusses whether the physical characteristics of housing, location (state), date put on sale, construction time, initial price, size of the developer, and size of the housing development have any effect on the duration of new houses in the market. We use a survival analysis Cox model. The most important results indicate that the likelihood of a new house being sold decreases with time and, in general, is lower for units that are more expensive, for those of larger size, with longer construction duration, as well as for those in smaller developments and built by smaller firms.

Suggested Citation

  • Rodríguez Zamora, Carolina & Morales Ramírez, Alejandro, 2021. "La duración en el mercado de vivienda nueva construida por desarrolladores en México," El Trimestre Económico, Fondo de Cultura Económica, vol. 88(350), pages 551-582, abril-jun.
    • Handle: RePEc:elt:journl:v:88:y:2021:i:350:p:551-582
    DOI: https://doi.org/10.20430/ete.v88i350.700
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    File URL: https://www.eltrimestreeconomico.com.mx/index.php/te/article/view/700
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    More about this item

    Keywords

    Duration; housing; time-on-the-market; Mexico.;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies

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