Determinants of the Rate of Subdivision Development

Gordon W. Davies, Robert H. Porter

Research output: Contribution to journalArticlepeer-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 languageEnglish
Pages (from-to)273-282
JournalJournal of Urban Economics
Volume8
DOIs
StatePublished - 1980

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