Household Formation and Home Ownership: the Impacts of Demographics Andtaxes

40 Pages Posted: 6 Apr 2007 Last revised: 30 Jun 2021

See all articles by Patric H. Hendershott

Patric H. Hendershott

University of Aberdeen - Centre for Property Research; National Bureau of Economic Research (NBER)

Date Written: September 1987

Abstract

This paper summarizes the impact of economic, social and demographic variables on household formations and home ownership in the 1960-85 period and uses this knowledge to forecast household formations, and their split between owners and renters, through the year 2000. High and low growth forecasts are reported, both with and without enactment of the Tax Reform Act of 1986. The forecasts are compared with those of others. Net household formations are expected to be robust through 1990 (above 1 1/2 million per year), but to tail off sharply in the 1990s (down to 1 million by 2000). Home ownership should rise slightly in the 1990s.

Suggested Citation

Hendershott, Patric H., Household Formation and Home Ownership: the Impacts of Demographics Andtaxes (September 1987). NBER Working Paper No. w2375, Available at SSRN: https://ssrn.com/abstract=977173

Patric H. Hendershott (Contact Author)

University of Aberdeen - Centre for Property Research ( email )

Aberdeen AB24 2UF
Scotland

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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