This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Add to My Marked Citations Citing Articles Citing Articles via HighWire Citing Articles via Google Scholar Google Scholar Articles by Tu, Y. Articles by Goldfinch, J. Search for Related Content Social Bookmarking                   What's this?

A Two-stage Housing Choice Forecasting Model

Centre for Housing Research and Urban Studies, University of Glasgow, 25 Bute Gardens, Glasgow, G12 8RT, Scotland, UK

Judy Goldfinch

Department of Mathematics, Napier University, 219 Colinton Road, Edinburgh EH14 1DT, Scotland, UK

A new housing choice forecasting model is developed here to answer a practical question: how to forecast housing demand at a disaggregate level. Being different from the previous housing choice models, this model is derived from housing sub-market structure based on a random utility approach. Housing choice is thought to be a joint choice of all the components associated with a dwelling, These components create a huge bundle of dwelling alternatives resulting in an empirical calculation problem. To avoid this problem, the model developed in this paper separates the joint choice behaviour into two stages: the choices of the key dwelling components which construct the housing sub-markets and the choices of the non-key dwelling components which distinguish individual dwellings in each housing sub-market. Some policy simulations are presented based on this model.

CiteULike    Connotea    Del.icio.us    Digg    Reddit    Technorati    What's this?

This article has been cited by other articles:

				M. C. Colom and M. C. Moles Comparative Analysis of the Social, Demographic and Economic Factors that Influenced Housing Choices in Spain in 1990 and 2000 Urban Stud, April 1, 2008; 45(4): 917 - 941. [Abstract] [PDF]