Housing starts and building permits data are commonly used as leading indicators of economic activity. In British … Columbia, all new homes must be registered with the Homeowner Protection Office, a branch of BC Housing, before the issuance of … building permits and the start of construction. Data on new housing registrations (NHR) could thus potentially be used as an …

with search in the housing market and defaultable long-term mortgages. In equilibrium, both sellers' asking prices and time …-to-sell increase with the relative size of their outstanding mortgages. In turn, the liquidity of the housing market associated with …

Should monetary policy lean against housing market booms? We approach this question using a small-scale, regime …-switching New Keynesian model, where housing market crashes arrive with a logit probability that depends on the level of household …

This paper documents that the housing cycle, measured by the residential investment share, is a strong in-sample and … out-of-sample predictor for the dollar up to twelve quarters. Housing construction is negatively associated with risk … nontradable housing consumption. The predictability for excess returns in foreign currencies and other assets arises endogenously …

The common-factor hypothesis is one possible explanation for the housing wealth effect. Under this hypothesis, house … price appreciation is related to changes in consumption as long as the available proxies for the common driver of housing … and non-housing demand are noisy and housing supply is not perfectly elastic. We simulate a model in which a common factor …

loss" will affect the pricing of the housing products and development time of the project in future development. We use a … pattern in housing markets. …

paper estimates long-term elasticities of housing supply to prices in OECD countries before exploring their drivers with a …