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Housing Price Inflation, Family Growth, and the Move from Rented to Owner Occupied Housing

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  • Thomas K. Rudel

    (Departments of Human Ecology and Sociology, Rutgers University, New Brunswick, N.J., 08903)

Abstract

This paper uses data from Annual Housing Surveys to investigate the relationship between growth in family size and the move from rented to owner occupied housing in the mid and late 1970s. A series of studies conducted in the 1950s and 1960s established that growth in the size of the family triggered moves from rented to owner occupied housing. Changes in house price inflation during the 1970s may have altered the social and economic conditions associated with a move from rented to owner occupied housing. Log-linear analyses of data from the 1974 and 1978 Annual Housing Surveys indicate that, while growth in the size of a renter's family continued to predict the purchase of owner occupied housing in 1978, the composition of the purchasing group changed significantly between 1974 and 1978, with childless couples increasing and households with children decreasing. The declines in the latter group occurred primarily among poorer households. The implications of these changes for the life cycle - housing cycle model of residential mobility are explored.

Suggested Citation

  • Thomas K. Rudel, 1987. "Housing Price Inflation, Family Growth, and the Move from Rented to Owner Occupied Housing," Urban Studies, Urban Studies Journal Limited, vol. 24(4), pages 258-267, August.
    • Handle: RePEc:sae:urbstu:v:24:y:1987:i:4:p:258-267
    DOI: 10.1080/00420988720080431
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    References listed on IDEAS

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    1. Rudel, Thomas K, 1985. "Changes in Access to Homeownership during the 1970s," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 19(1), pages 37-49, March.
    2. Titman, Sheridan D, 1982. "The Effects of Anticipated Inflation on Housing Market Equilibrium," Journal of Finance, American Finance Association, vol. 37(3), pages 827-842, June.
    3. Douglas B. Diamond, 1980. "Taxes, Inflation, Speculation and the Cost of Homeownership," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 8(3), pages 281-298, September.
    4. Richard B. Peiser & Lawrence B. Smith, 1985. "Homeownership Returns, Tenure Choice and Inflation," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 13(4), pages 343-360, December.
    5. James Curry & Gayle Scriven, 1978. "The relationship between apartment living and fertility for blacks, Mexican Americans, and other Americans in Racine, Wisconsin," Demography, Springer;Population Association of America (PAA), vol. 15(4), pages 477-485, November.
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