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Hot and Cold Seasons in the Housing Market: Comment

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Abstract

Using American Housing Survey data from 1999 only, Ngai and Tenreyro (2014) show households who move in the summer occupy their home for longer and have fewer and less costly renovations soon after purchase, pointing to superior match quality during the thicker summer market. However, applying the same methods to other years of the American Housing Survey eliminates or substantially weakens these results. Furthermore, Ngai and Tenreyro’s result on duration of occupancy is driven in part by the particular way Ngai and Tenreyro measure duration in years, rather than months.

Suggested Citation

  • Scrimgeour, Dean, 2020. "Hot and Cold Seasons in the Housing Market: Comment," Working Papers 2020-03, Department of Economics, Colgate University, revised 22 Jun 2020.
    • Handle: RePEc:cgt:wpaper:2020-03
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    File URL: https://digitalcollections.colgate.edu/islandora/object/islandora%253A4742
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    1. L. Rachel Ngai & Silvana Tenreyro, 2014. "Hot and Cold Seasons in the Housing Market," American Economic Review, American Economic Association, vol. 104(12), pages 3991-4026, December.
    2. Robert Novy‐Marx, 2009. "Hot and Cold Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 37(1), pages 1-22, March.
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    More about this item

    Keywords

    housing; seasonality; duration models;
    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

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