Optimal inventory, production scheduling, and fluctuations in residential construction activity

The seasonality of inventories and the seasonality and cyclicality of sales of new single-family residences by speculative builders may be formally introduced into a partial production adjustment inventory model of housing starts. The theoretical results include variables that imply an interaction between seasonality and cyclicality. A specification error bias in the estimation of the partial adjustment coefficient is evaluated for models that exclude the interaction between seasonality and cyclicality. Stabilization policy is more complex when cyclical instability changes season to season. In this view, justification is found for a seasonal stabilization policy in housing. Copyright American Real Estate and Urban Economics Association.

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Optimal Phasing and Inventory Decisions for Large-Scale Residential Development Projects

Hughen¹,

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Ott

2010

SSRN Journal

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Optimal inventory, production scheduling, and fluctuations in residential construction activity

Cited by 3 publications

References 4 publications

Optimal Phasing and Inventory Decisions for Large-Scale Residential Development Projects

Optimal Phasing and Inventory Decisions for Large-Scale Residential Development Projects

Residential Construction Volatility: A Seasonal and Cyclical Inventory Adjustment Analysis

Optimal Phasing and Inventory Decisions for Large-Scale Residential Development Projects

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