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Overbuilt Housing: Criteria for Success

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Abstract

Fifteen to 21% of new single-family homes are built by the owner. Yet little is known about the factors that contribute to the success or failure of these projects. This study utilized a survey of ownerbuilders in Knox County, Tennessee to examine this question. The results indicate that skill with tools, contributions of friends and relatives, and prior experience in building houses were important factors. Ownerbuilders made substantial wealth gains and were able to achieve ownership of larger and better quality homes.

Suggested Citation

  • William C. Goolsby & Lenahan O'Connell, 1988. "Overbuilt Housing: Criteria for Success," Journal of Real Estate Research, American Real Estate Society, vol. 3(1), pages 51-59.
    • Handle: RePEc:jre:issued:v:3:n:1:1988:p:51-59
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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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