The Dynamic Impact of Unseasonable Weather on Construction Activity

REAL ESTATE ECONOMICS, Vol. 24 No. 2

Posted: 14 May 1998

See all articles by N. Edward Coulson

N. Edward Coulson

Pennsylvania State University, College of the Liberal Arts - Department of Economic; National Bureau of Economic Research (NBER)

Richard Christian

State and Federal Associates, Alexandria, Virginia

Abstract

We simulate the effects of unseasonable increases in temperature and precipitation on housing starts and completions in each of the four Census regions. Using an over identified vector autoregression model the dynamics of housing starts and completions are estimated. The persistence of housing activity over time implies that weather shocks also have long-lasting effects, though the impact seems large on in the North Central region.

JEL Classification: R39

Suggested Citation

Coulson, N. Edward and Christian, Richard, The Dynamic Impact of Unseasonable Weather on Construction Activity. REAL ESTATE ECONOMICS, Vol. 24 No. 2. Available at SSRN: https://ssrn.com/abstract=9102

N. Edward Coulson (Contact Author)

Pennsylvania State University, College of the Liberal Arts - Department of Economic ( email )

524 Kern Graduate Building
University Park, PA 16802-3306
United States
814-863-0625 (Phone)
814-863-4775 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Richard Christian

State and Federal Associates, Alexandria, Virginia

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