与COVID-19大流行相关的州政策对美国住房市场活动的早期影响

IF 1.4 3区经济学 Q3 ECONOMICS

Journal of Housing Economics Pub Date : 2022-09-01 DOI:10.1016/j.jhe.2022.101857

Barış K. Yörük

{"title":"与COVID-19大流行相关的州政策对美国住房市场活动的早期影响","authors":"Barış K. Yörük","doi":"10.1016/j.jhe.2022.101857","DOIUrl":null,"url":null,"abstract":"<div><p>I use daily and weekly data from 100 metropolitan areas in 2020 to investigate the effects of state-level policies to combat the COVID-19 pandemic on various indicators of U.S. housing market activity. Measures of housing market activity include change in new listings, total inventory, newly pending sales, median list price, web traffic to for-sale homes, and average number of days to pending sale status. Using event study and difference-in-differences models, I find that the closure of non-essential businesses in certain states was associated with up to an 11-percentage point decrease in new home listings and a 3.5 percentage point decrease in total inventory relative to the same period in 2019. I also find that school closures may affect some outcomes.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"57 ","pages":"Article 101857"},"PeriodicalIF":1.4000,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9376976/pdf/","citationCount":"7","resultStr":"{\"title\":\"Early effects of COVID-19 pandemic-related state policies on housing market activity in the United States\",\"authors\":\"Barış K. Yörük\",\"doi\":\"10.1016/j.jhe.2022.101857\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>I use daily and weekly data from 100 metropolitan areas in 2020 to investigate the effects of state-level policies to combat the COVID-19 pandemic on various indicators of U.S. housing market activity. Measures of housing market activity include change in new listings, total inventory, newly pending sales, median list price, web traffic to for-sale homes, and average number of days to pending sale status. Using event study and difference-in-differences models, I find that the closure of non-essential businesses in certain states was associated with up to an 11-percentage point decrease in new home listings and a 3.5 percentage point decrease in total inventory relative to the same period in 2019. I also find that school closures may affect some outcomes.</p></div>\",\"PeriodicalId\":51490,\"journal\":{\"name\":\"Journal of Housing Economics\",\"volume\":\"57 \",\"pages\":\"Article 101857\"},\"PeriodicalIF\":1.4000,\"publicationDate\":\"2022-09-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9376976/pdf/\",\"citationCount\":\"7\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Housing Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1051137722000304\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Housing Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1051137722000304","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 7

摘要

我利用2020年100个大都市地区的每日和每周数据，调查了抗击COVID-19大流行的州级政策对美国房地产市场活动各种指标的影响。衡量住房市场活动的指标包括新上市房屋的变化、总库存、新待售房屋、挂牌价格中位数、待售房屋的网络流量以及待售房屋的平均待售天数。使用事件研究和差异中的差异模型，我发现，与2019年同期相比，某些州非必要企业的关闭与新房上市减少高达11个百分点和总库存减少3.5个百分点有关。我还发现，学校关闭可能会影响一些结果。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

Early effects of COVID-19 pandemic-related state policies on housing market activity in the United States

查看原文本刊更多论文

Early effects of COVID-19 pandemic-related state policies on housing market activity in the United States

I use daily and weekly data from 100 metropolitan areas in 2020 to investigate the effects of state-level policies to combat the COVID-19 pandemic on various indicators of U.S. housing market activity. Measures of housing market activity include change in new listings, total inventory, newly pending sales, median list price, web traffic to for-sale homes, and average number of days to pending sale status. Using event study and difference-in-differences models, I find that the closure of non-essential businesses in certain states was associated with up to an 11-percentage point decrease in new home listings and a 3.5 percentage point decrease in total inventory relative to the same period in 2019. I also find that school closures may affect some outcomes.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Journal of Housing Economics Multiple-

CiteScore

3.30

自引率

4.20%

发文量

期刊介绍： The Journal of Housing Economics provides a focal point for the publication of economic research related to housing and encourages papers that bring to bear careful analytical technique on important housing-related questions. The journal covers the broad spectrum of topics and approaches that constitute housing economics, including analysis of important public policy issues.