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Analysing the Relationship between New Housing Supply and Residential Construction Costs with Regional Heterogeneities

Construction Economics and Building

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Field Value
 
Title Analysing the Relationship between New Housing Supply and Residential Construction Costs with Regional Heterogeneities
 
Creator Liu, Junxiao
London, Kerry
 
Subject Economics
new housing supply, residential construction costs, regional heterogeneities
Construction Economics
 
Description New housing supply in Australia has been experiencing a low increasing rate in conjunction with a dramatic increase in residential construction costs since the 1990s. This study aims to estimate the relationship between new housing supply and residential construction costs with the regional heterogeneities. Based on a panel error correction model, it can be identified that there is a causal link and a significant correlation between new housing supply and construction costs in the Australian sub-national housing construction markets. The model developed in this research assists policy makers to better understand the nature of the supply side of the housing sector and then enact appropriate policies to improve the new housing supply in Australia.
 
Publisher UTS ePRESS
 
Contributor —
 
Date 2011-09-21
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Quantitative Research
 
Format application/pdf
 
Identifier http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/2174
10.5130/AJCEB.v11i3.2174
 
Source Construction Economics and Building; Vol 11, No 3 (2011): AJCEB; 58-67
2204-9029
 
Language eng
 
Relation http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/2174/2504
 
Coverage Australia
1996-2009
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Rights Copyright (c) 2011 Junxiao Liu, Kerry London
http://creativecommons.org/licenses/by/4.0