Little Trailer Park on the Prairie: Determinants of Site Rents in Parks in the Great Plains and Rocky Mountain States

73 Pages Posted: 22 Oct 2019

See all articles by Charles Becker

Charles Becker

Duke University - Department of Economics

Brenda Garcia Lemus

University of California, Los Angeles (UCLA) - Luskin School of Public Affairs

Date Written: October 14, 2019

Abstract

Recent research has indicated that the manufactured housing industry is highly heterogeneous, mainly because both demand conditions and zoning restrictiveness vary enormously from one locale to another. There is little formal empirical work on the industry, especially in the low population density region that encompasses the Great Plains (including Texas) and Rocky Mountain states. Using a data set with nearly 60,000 manufactured housing sales transactions for the regions, we explore the determinants of park lot rents using a GMM 3SLS model. Both park lot rent levels, their determinants, and responses to local multi-family and single-family housing conditions vary from one economic region to another.

Keywords: manufactured housing, trailer parks, housing

JEL Classification: R30

Suggested Citation

Becker, Charles and Garcia Lemus, Brenda, Little Trailer Park on the Prairie: Determinants of Site Rents in Parks in the Great Plains and Rocky Mountain States (October 14, 2019). Economic Research Initiatives at Duke (ERID) Working Paper No. 292, October 2019, Available at SSRN: https://ssrn.com/abstract=3472094 or http://dx.doi.org/10.2139/ssrn.3472094

Charles Becker (Contact Author)

Duke University - Department of Economics ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States

Brenda Garcia Lemus

University of California, Los Angeles (UCLA) - Luskin School of Public Affairs ( email )

3250 Public Affairs Building
Los Angeles, CA 90095-1656
United States

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