Morrow-Jones H A, 1988, "The housing life-cycle and the transition from renting to owning a home in the United States: a multistate analysis" Environment and Planning A 20(9) 1165 – 1184
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The housing life-cycle and the transition from renting to owning a home in the United States: a multistate analysis
H A Morrow-Jones
Received 23 January 1987; in revised form 1 June 1987
Abstract. In this paper the concepts of the housing life-cycle and housing occupancy patterns in the United States are examined. The focus is on the move from renting to owning a home in the young adult years of life. Data from the national American Housing Survey, for the years 1974 - 1983, are combined with the techniques of multistate demography to produce housing life summary statistics and rates of movement by age. Parameterized curves are fitted to the empirical age-rate schedules and exogenous variables used to explain variation in the parameters related to young adults. Three simple, projection scenarios are also examined. The results indicate the importance of life-cycle factors and economic conditions in the shift from renting to owning a home.
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