A Structural Model For The Demand For Lease Renewals In The U.S. Leasing Industry
I estimate a theoretically and statistically satisfying model to account for the demand for lease renewals for one of the largest Real Estate Investment Trust companies (REIT) in the U.S. The variables that together account for ninety eight percent of the variation in the demand for lease renewals are, one-period time lag of the dependent variable (lease renewals), one period time lag of the Federal Funds interest rate end of month, the ratio between total non-farm employment and total construction permits authorized, the total non-farm employment, one period time lag of this REIT’S total concessions; the personal consumption expenditures – household operation, one period time lag of this REIT’S economic occupancy, one period time lag of this REIT’S net rental income, and this REIT apartment units occupied. The application of the model for out of the sample projections shows a forecasting accuracy of 99%.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 6 (2006)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.usc.es/economet/eaa.htm|
|Order Information:|| Web: http://www.usc.es/economet/info.htm Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Puri, Anil K. & Van Lierop, Johannes, 1988. "Forecasting housing starts," International Journal of Forecasting, Elsevier, vol. 4(1), pages 125-134.
When requesting a correction, please mention this item's handle: RePEc:eaa:aeinde:v:6:y:2006:i:1_9. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (M. Carmen Guisan)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.