Households and Housing: Choices and Outcomes in the Housing Market

Details:
How do households choose housing? What influences their choices? Why--and when--do households switch from renting to owning, and then switch back again? How do housing choices respond to social, economic, and policy contexts? William Clark and Frans Dieleman use the concepts of life course, housing career, and housing hierarchy to trace the movement of households through the housing market. They paint a comprehensive picture of housing consumption by age, income, and tenure choice, richly illustrated with nearly 150 figures and tables. Their analysis shows how overall housing market outcomes result from the aggregation of individual choices. United States housing market data are contrasted with data from the Netherlands to document the differential effects of government intervention.