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Urban Institute Housing Model I: Application to Austin, Texas
This paper reports on an application of a model of housing location and quality to the Austin, Tex., area for the 10 - year interval from 1960 to 1970. The overall project goal is a validated model which can be used to simulate such housing and land use policies as housing allowances, construction subsidies, zoning regulations, or tax changes. More specifically, the Austin experiment seeks a set of estimates of unknown parameters of the model that measure the strength of key behavioral responses of households, builders, and owners of the housing stock. Measures are described concerning how well 11 parameters explain levels of housing services, housing prices, racial segregation, and neighborhood or zonal income differences. Estimates obtained for Austin are contrasted with those obtained for Durham, N.C., the site of the first application of the housing model. With plausible parameter values, the model accounts for many of the differences among zones in racial composition, housing prices, removals, and to a lesser extent, incomes. This model explains differences more effectively than a simpler model which allows housing to depreciate at a fixed rate and ignores neighborhood effects. Parameter values giving the best fit for Austin are remarkably close to parameter values giving the best fit for Durham. On the whole, the results of the application of the model to Austin are quite satisfactory, and two further applications are planned in 1973. Tables and figures illustrate the text, and an appendix lists and describes the general terms used as data inputs into the Austin application of the housing model. (Author abstract modified).
Urban Institute Housing Model I: Application to Austin, Texas
This paper reports on an application of a model of housing location and quality to the Austin, Tex., area for the 10 - year interval from 1960 to 1970. The overall project goal is a validated model which can be used to simulate such housing and land use policies as housing allowances, construction subsidies, zoning regulations, or tax changes. More specifically, the Austin experiment seeks a set of estimates of unknown parameters of the model that measure the strength of key behavioral responses of households, builders, and owners of the housing stock. Measures are described concerning how well 11 parameters explain levels of housing services, housing prices, racial segregation, and neighborhood or zonal income differences. Estimates obtained for Austin are contrasted with those obtained for Durham, N.C., the site of the first application of the housing model. With plausible parameter values, the model accounts for many of the differences among zones in racial composition, housing prices, removals, and to a lesser extent, incomes. This model explains differences more effectively than a simpler model which allows housing to depreciate at a fixed rate and ignores neighborhood effects. Parameter values giving the best fit for Austin are remarkably close to parameter values giving the best fit for Durham. On the whole, the results of the application of the model to Austin are quite satisfactory, and two further applications are planned in 1973. Tables and figures illustrate the text, and an appendix lists and describes the general terms used as data inputs into the Austin application of the housing model. (Author abstract modified).
Urban Institute Housing Model I: Application to Austin, Texas
F. de Leeuw (author) / R. J. Struyk (author) / S. A. Marshall (author)
1973
50 pages
Report
No indication
English
Housing , Housing planning , Site surveys , Texas , Allowance , Land use , Economic assistance , Prices , Zoning , Taxes , Assessments , Demography , Housing studies , Houses , Austin(Texas) , Site selection
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