Determinants of the Rate of Subdivision Development

Gordon W. Davies; Robert H. Porter

doi:10.1016/0094-1190(80)90031-5

Determinants of the Rate of Subdivision Development

Gordon W. Davies, Robert H. Porter

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

The subdivision development process is reviewed and an assessment made of the factors which affect the rate at which vacant single-family detached lots come onto the market. A one-equation behavioral model of this flow is then formulated and estimated. The empirical results indicate that, in addition to seasonal factors which affect the flow of lots, the rate of interest and the wage component of servicing costs have an inverse effect on this flow, and the selling price of serviced lots a positive effect.

Original language	English
Pages (from-to)	273-282
Journal	Journal of Urban Economics
Volume	8
DOIs	https://doi.org/10.1016/0094-1190(80)90031-5
State	Published - 1980

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title = "Determinants of the Rate of Subdivision Development",

abstract = "The subdivision development process is reviewed and an assessment made of the factors which affect the rate at which vacant single-family detached lots come onto the market. A one-equation behavioral model of this flow is then formulated and estimated. The empirical results indicate that, in addition to seasonal factors which affect the flow of lots, the rate of interest and the wage component of servicing costs have an inverse effect on this flow, and the selling price of serviced lots a positive effect.",

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AB - The subdivision development process is reviewed and an assessment made of the factors which affect the rate at which vacant single-family detached lots come onto the market. A one-equation behavioral model of this flow is then formulated and estimated. The empirical results indicate that, in addition to seasonal factors which affect the flow of lots, the rate of interest and the wage component of servicing costs have an inverse effect on this flow, and the selling price of serviced lots a positive effect.

U2 - 10.1016/0094-1190(80)90031-5

DO - 10.1016/0094-1190(80)90031-5

M3 - Article

SN - 0094-1190

VL - 8

SP - 273

EP - 282

JO - Journal of Urban Economics

JF - Journal of Urban Economics

ER -

Determinants of the Rate of Subdivision Development

Abstract

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