Housing Demand Research Articles

Cost Effective and Trending Housing Techniques (Design)

Abstract: The Ministry of Housing and Urban Affairs (Mo HUA) through its flagship mission “Pradhan Mantri Awas Yojana” – Urban (PMAY-U) ensures a PUCCA HOUSE to all eligible urban house-holds. PMAY-U aims to achieve Urban Development through Transformation, Innovation and Sustainable Inclusions. Due to Rapid increase in urbanization and believing it as an opportunity to reduce poverty. This paper aims towards the design solution example after study of effective housing demand , current patterns of development and finding the Innovative Contraction techniques , Materials (local and eco friendly) , Planning and designing methods , to make the solution.

RENT POLICY DILEMMAS. REVIEW AND ATTEMPTED EVALUATION

This article aims to present (1) the mechanism of the establishment and consequences of maintaining a policy of low rents in the housing sector, (2) the complex process of transition to market rents, and (3) the risks associated with maintaining these market rents. Two main research hypotheses are proposed: (1) that government intervention in setting low rents leads to a so-called 'rent stabilization trap', with detrimental long-term effects on the housing economy, and (2) that the adoption of market rents in areas with unmet housing demand – which is politically and socially sensitive, especially in the context of high inflation - leads to a 'high rent trap', exacerbating housing availability problems. As the experience of several countries shows, such dynamics often force further legislative action on rent regulation. The study uses three research methods: document review, literature analysis and critique, and a case study approach.

A REVIEW ON SUSTAINABLE AFFORDABLE HOUSING IN INDIA: ONE STEP TO BUILD A GOOD ECONOMY AND ENVIRONMENT

Affordable housing, economic growth, and environmental protection are India's urban development priorities. The housing sector of India holds the third largest position among other industries. India needs inexpensive, sustainable housing for economic and environmental reasons. The definition of affordable housing has been discussed as given by the government schemes and authorities. Urbanisation, infrastructure, and housing shortages affect India's housing business. According to a government technical study from 2011, there was an 18.76-million-unit shortfall in metropolitan areas, with 96% of those units belonging to EWS and LIG. However, it doesn’t consider nondurable and rental houses, which further increases the housing demand. To address such issues, the central government has launched various sustainable affordable housing policies to integrate sustainability, affordability, and inclusion into architecture and construction. ‘Housing for all’ is one of the government schemes launched in June 2015 which promotes affordable housing and technology in the sector. Housing and allied industries play a significant role to boost GDP, jobs, and communities. Energy-efficient technology, waste management, green spaces, and sustainable building reduce housing developments' environmental impact. These activities reduce carbon emissions and strengthen urban climate change resilience, saving the environment. The research stresses social inclusion to provide affordable housing to low-income, women, and vulnerable people. Housing inclusivity promotes equity in the society. India's sustainable, affordable housing schemes are analysed, and gaps are identified. Public-private partnerships, subsidies, and governments encourage sustainable housing. Finally, affordable housing benefits India's economy and environment. This study underlines the necessity to incorporate economic, environmental, and social factors into housing laws and practices to solve India's housing crisis. It further mentions Sustainable, affordable housing will boost India's economy, environment, and the quality of life holistically.

Enabling Industry 4.0 Technologies to Drive Sustainable Housing Delivery across the Housing Supply Value Chain in Saudi Arabia: Challenges and Prospects

The Saudi government has launched the Saudi Vision 2030 that aims to increase the home ownership rate to 70% by 2030 by taking the different sustainability goals into consideration. However, several challenges such as rapid urbanization and the gap between housing supply and demand are facing this goal. This study attributes the housing supply gap to KSA’s reductionist approach to the housing supply value chain (HSVC) and proposes adopting Industry 4.0 technologies. The study explores the challenges and prospects of integrating these technologies for sustainable housing delivery across the HSVC. Through action research, data were gathered via random sampling and analyzed using Statistical Package for Social Science version 24, incorporating a principal component analysis (PCA). The findings from the analysis identify key challenges such as data management infrastructure, construction industry regulations, uncertain housing delivery policies, and resistance to change. Despite these challenges, there is a strong potential for adopting Industry 4.0 technologies to achieve sustainable housing delivery. This study offers a blueprint for policymakers and housing industry leaders to develop a comprehensive strategy for adopting 4IR technologies in housing delivery, enhancing collaboration and driving progress towards Saudi Arabia’s sustainable housing goals.

Structural Estimates of Supply and Demand Elasticity for Houses in Sydney

We report estimates of supply and demand elasticities for houses (i.e., non-strata properties) in three geographic locations of Sydney. In the Inner Ring of Local Government Areas (LGAs)—those closest to the Central Business District (CBD)—our estimates indicate that the supply curve for houses is perfectly inelastic. This finding allows us to condition on the stock of houses and estimate the corresponding Inner Ring demand curve using ordinary least squares. In the Middle and Outer Rings—where the supply curve for houses has positive elasticity—we use instrumental variables to estimate the demand curve for houses. For all three locations, we obtain theoretically reasonable point estimates of standard demand elasticities, although the degree of uncertainty surrounding the Outer Ring estimates is relatively large. Averaging across the three regions of Sydney, the price elasticity of demand for houses is −1.3, cross-price elasticity with units is 1.1, and income elasticity is 2.1. Based on our elasticity estimates, only in the Outer Ring are any of the direct burdens of stamp duty born by buyers (about 40 percent).

STIMULATING THE DEVELOPMENT OF RESIDENTIAL DEVELOPMENT THROUGH MORTGAGE LENDING

The article is devoted to stimulating the development of housing construction through mortgage lending. The purpose of the article is to determine the role of mortgage lending in the development of the housing sector, in particular through its impact on supply and demand in the real estate market and pricing in this sector. In the course of the research, data analysis, correlation analysis, and methods of forecasting economic trends were used. Graphical methods were also used to provide a clear understanding of how changes in the mortgage market affect the development of the real estate sector. The results of the study show that mortgage lending is a key element in stimulating the development of the housing sector, as it not only directly facilitates access to finance for potential property buyers, but also indirectly affects the pricing and investment attractiveness of the housing sector. The paper shows that fluctuations in mortgage rates have a significant impact on the dynamics of supply and demand in the residential real estate market, as well as on price trends. In particular, rising mortgage rates tend to reduce demand for housing, as households expect better investment opportunities. There is also a strong correlation between mortgage rate increases and slower price growth. The expansion of the mortgage lending market and, consequently, a reduction in mortgage rates boosts supply in the real estate market. Nevertheless, it is found that such changes can have complex and ambiguous consequences, including the risks of market overheating and the formation of price "bubbles" that threaten the stability of the sector in the long run. In addition, the study found that mortgage lending facilitates the implementation of new construction projects and the expansion of the housing stock, which is an important factor in stimulating economic growth. At the same time, the analysis showed that the impact of mortgage rates on the real estate market depends on a wide range of factors, including the economic situation, central bank policy, consumer confidence and other macroeconomic indicators. The practical significance of the publication is to provide recommendations for the development of a balanced policy in the field of mortgage lending aimed at supporting the stable development of the housing sector and preventing potential destabilising factors in the real estate market.

Inheritance dynamics and housing price fluctuations: Evidence from the China household finance survey

The demographic shift towards an older population has a profound impact on the economy, particularly in the real estate sector. The evolving housing demand, shaped by changing family structures and financial circumstances, is influenced by inheritance considerations, which in turn affect investment decisions and market dynamics. This study uses data from the China Household Finance Survey (2013–2019) to explore the impact of aging on housing prices, with a focus on inheritance motives and the influence of male descendants. While ageing tends to decrease prices, inheritance motives, particularly those of male heirs, tend to offset this effect. The geographical distribution of this impact varies, with the level of education also playing a role. It is therefore vital to address demographic shifts and cultural norms in order to maintain stability in the housing market.

A Future Growth Model for Building More Housing and Infrastructure with Less Embodied Greenhouse Gas.

Global demand for housing and the climate crisis have created a seemingly impossible choice between the need to build more and the need to emit less from construction materials. Here, we present the future infrastructure growth (FIG) model, a generalizable method for finding pathways to build enough housing and infrastructure while reducing material emissions, in line with climate commitments. FIG uses open data to quantify the emissions of existing neighborhoods as if they were built new; it then uses these quantifications to forecast future cradle-to-gate embodied emissions from new residential buildings and linear infrastructure construction. This novel approach allows for detailed analysis that scales to a city, region, and/or national level and captures variability in construction norms, designs, and codes. We demonstrate FIG on Canada, using the model to find neighborhood-level drivers of embodied emissions and the most effective reduction strategies through 2030 and 2050. Current construction practices will cause a 437% overshoot of Canada's climate commitments if housing growth targets are met. Avoiding this overshoot requires a near-total reliance on multiunit buildings and best-in-class design supported by improvements in material manufacturing, building within existing urban boundaries, and halving the use of new materials.

Exploring the Dynamics of Housing Demand Preferences in Ilorin, Nigeria

Exploring the Dynamics of Housing Demand Preferences in Ilorin, Nigeria

Analysis and Optimization of Residential Elements from the Perspective of Multi-Child Families in the Yangtze River Delta Region

Over the last few decades, policy changes have resulted in changes in family structure and cyclical changes within families. The structure of multi-child families will have a significant influence on housing demand and supply, necessitating a thorough demand study. This study examines the requirements of 739 multi-child families in the Yangtze River Delta (YRD) region at different stages and graphically displays the variables influencing their level of housing satisfaction, offering a scientific reference for the design and optimization of housing. Firstly, the residential elements that impact families with multiple children were categorized into 3 categories, 14 subcategories, and 65 influencing elements based on expert consultation and word frequency data. Secondly, 739 families in the YRD region were chosen for investigation, and importance–performance analysis (IPA) was employed to study and assess the residential elements of multi-child families. The IPA study findings were compared to those obtained from on-site surveys and network data crawling. Finally, the residential elements to be optimized were quantitatively determined, and the relevant optimization techniques were provided in conjunction with door-to-door interviewing. This study examines the needs of multi-child families at various phases, as well as the factors that impact their residential satisfaction, and provides optimization solutions for the long-term use and renewal of residential structures.

Dampak Urbanisasi Dalam Kehidupan Masyarakat Kota

In this article, the impact of urbanization on the lives of the people of Serang City is discussed. This article identifies various impacts due to urbanization through research and analysis carried out. Urbanization in Serang City affects many aspects of community life and the environment. One of the main effects of urbanization in Serang City is changes in land use. Green spaces and agricultural land have been converted into housing, shopping centers, offices and other urban infrastructure. Thus, productive agricultural land is reduced, biodiversity is lost, and environmental damage occurs. With economic growth and development of urban infrastructure, public services, and access to education, urbanization increases employment opportunities for local residents. However, urbanization also brings social and lifestyle changes, which can influence cultural values, daily habits, and social interaction patterns. With demand for housing increasing and a shortage of affordable housing. Apart from that, changes that occur in urban infrastructure and the impact they have on infrastructure access and traffic must also be considered. The method in this research uses qualitative interview techniques. By gaining a better understanding of these impacts, it is hoped that sustainable solutions can be developed to exploit the positive potential of urbanization and overcome the problems faced by the people of Serang City.

Mapping construction sector greenhouse gas emissions: a crucial step in sustainably meeting increasing housing demands

This paper examines the tension between needing to build more infrastructure and housing and simultaneously reduce greenhouse gas emissions (GHG) to avoid the most catastrophic impacts of climate change. This study uses an Environmentally Extended Input-Output approach to conduct a high-resolution top-down analysis of Canada’s national construction GHG emissions. Our findings highlight that Canada’s current construction practices cannot accommodate the construction required to restore housing affordability by 2030 without substantial environmental consequences. On a consumption life cycle basis, the construction sector was responsible for approximately 90 Mt CO2e in 2018, equivalent to over 8% of Canada’s total GHG emissions, while delivering less than a third of Canada’s annual housing needs. Residential construction was responsible for the largest share (42%) of total construction emissions. Overall, 84% of emissions are from material manufacturing and 35% of construction emissions are imported, underscoring the need for a comprehensive regulatory framework addressing both domestic and imported emissions. Under current construction practices (i.e. current material use patterns and emissions intensities), meeting Canada’s 2030 housing affordability and climate commitments requires an 83% reduction in GHG emissions per construction product (i.e. per home) compared to the 40% economy-wide reduction promised in Canada’s international reduction commitments. Mitigating the GHG gap between emission caps and housing demand calls for changes in the ratio of housing to other infrastructure (e.g. fewer roads, less fossil fuel infrastructure), new construction approaches (e.g. increasing material efficiency) and/or disproportionally allocating climate budget to construction. The implications of our study extend beyond Canada, offering valuable insights for other growing countries with climate goals. The results emphasize the urgency in considering and establishing sectoral GHG budgets for construction and for transformative changes in the construction sector to meet national GHG emission reduction commitments.

Exploring the Influence of Household Agent-Based Modelling on Whole-life Decarbonisation of Residential Buildings

Abstract Besides the operational and embodied carbon associated with the physical building, how significant is the influence of the heterogenous nature of household decision making in whole-life decarbonisation of the housing sector? This paper investigates the effects of explicitly considering these factors through agent-based modelling (ABM) of households integrated in bottom-up building stock modelling considering typologies of physical houses (existing and new/future) and different households, and how these might evolve to 2050 in the State of Victoria, Australia. The state population is represented by household typologies based on socio-economic status, tenure, and decisions as influenced by financial, physical/family needs and behavioural factors. The ABM is implemented using Python MESA software and the different house typologies’ whole-life carbon are calculated using the Australian Zero Emission House (AusZEH) modelling software and the Environmental Performance in Construction (EPiC) LCA database, respectively. Considering household decisions yielded higher operational carbon reduction on average across various scenarios, however these have less impact on reducing embodied carbon. And in Victoria, with increasing trends in population and housing demand, embodied carbon dominates whole-life carbon (WLC) outcomes. The heterogeneity of household decisions cannot be ignored and should be further studied along with embodied carbon reduction strategies and a broad range of scenarios that consider the dynamic and uncertain nature of factors that drive and influence the WLC of buildings.

Combining Google Earth historical imagery and UAV photogrammetry for urban development analysis

Rural-urban migration often triggers additional demand for housing and infrastructural development to cater for the growing population in urban areas. Consequently, town planners and urban development authorities need to understand the urban development trend to make sustainable urban planning decisions. Yet, methods to analyse changes and trends in urban spatial development are often complex and require costly data collection. This article thus presents a simplified method to analyse the urban development trend in an area. The method integrates Google Earth (GE) historical imagery (baseline data) and unmanned aerial vehicle (UAV) photogrammetry (recent data) to quantify the changes over time. This approach can be applied to study the urban development trends in low-income countries with budget constraints. The method is discussed under four main headings: (1) background, (2) method details, (3) limitations, and (4) conclusion.•Google Earth historical image can be extracted with its associated world file.•The population of an area can be estimated by using average household size data and the number of residential buildings in the area.•The building height ratio can be used to ascertain if the land is being used parsimoniously.

Does facility-maintenance service quality drive tenants’ willingness to pay higher rent? Evidence from Indian residential real estate infrastructure

PurposeThis paper aims to empirically investigate the effect of facility–maintenance service quality on tenants’ satisfaction and their subsequent willingness to pay higher rent in the National Capital Region (NCR), India.Design/methodology/approachThe data for this study was collected from 1,692 tenants in NCR, India. SmartPLS4.0 was used to analyze the data using structured equation modeling.FindingsThe study findings indicate that all parameters of facility–maintenance service quality (tangibles, service personnel quality and empathy) positively impact tenants’ satisfaction. Further, satisfied tenants are willing to pay higher rentals. In addition, customer satisfaction partially mediates the relationship between facility–maintenance service quality and willingness to pay higher rent.Research limitations/implicationsThe study extends evidence-based research in the service industry to provide empirical evidence that facility–maintenance service quality positively impacts customer satisfaction in real estate settings in emerging markets (India). This research will guide future researchers to explore other dimensions to support evidence-based research in real estate settings.Practical implicationsBased on the data collected online after personal interaction in residents’ meetings, the study findings provide significant insights for stakeholders such as policymakers, practitioners, landlords, associations and builders. With rising housing demand because of rural migrations toward urban or metro locations coupled with the government’s inability to expand the infrastructure simultaneously, the government has enhanced the role of public–private partnership (PPP) in housing development. The findings will help policymakers incorporate the service angle into key performance indicators in PPP contracts. Additionally, with rising competition in the housing sector, understanding these factors will help landlords and resident associations improve service quality standards, thus enhancing the residential societies’ word-of-mouth publicity and attracting high-paying residents.Originality/valueTo the best of author’s knowledge, this is a pioneer study to empirically investigate the impact of facility–maintenance service quality standards on tenants’ satisfaction and willingness to pay higher rent in a residential setting in India.

How supply and demand affect national house prices: The case of Ireland

While many western economies experienced substantial fluctuations in house prices since the turning of the century, the Irish residential market stands out as a particular case. Irish house prices experienced profound increases in the period leading up to the global financial crisis (GFC); thereafter the concomitant downturn in both the real Irish economy and financial sector precipitated a dramatic decline in prices between 2007 and 2012. However, since 2012 prices have increased in a sustained and persistent manner. A number of possible reasons are commonly cited for the recovery. In this paper we avail of a new housing and financial sector model, which are part of a broader macro-econometric model, COSMO, of the Irish economy to characterise the determinants of Irish house prices over the period 1995–2019 and in particular to examine the reasons for the post 2012 recovery. The suite of models are used to examine the contribution of developments in both monetary policy and financial stability as well as the performance of the real economy. The role played by the sluggish response of the supply-side of the Irish residential sector is also assessed. The supply-side of the Irish market was especially impacted by the GFC and has struggled to respond to the surge in housing demand which has accompanied the general economic recovery since 2012. Our results have interesting implications for the growing literature examining the intersection of monetary policy and financial stability on house prices.

Influence of Current Ratio, Net Profit Margin, Total Asset Turnover, And Debt to Equity Ratio on Share Prices in Manufacturing Companies in The Property and Real Estate Sector on The Indonesia Stock Exchange for the 2019-2021 Period

Numerous industries provide investors with various funding options in today's rapidly evolving business and technology landscape. One particularly intriguing area in this regard is investment. Investment refers to allocating cash into various assets for a specific duration to generate profits, such as income or capital appreciation. Infrastructure development has led to the management of several industries, including property and real estate. Property can stimulate other economic sectors by providing employment opportunities and enhancing overall societal well-being. This is further bolstered by the rapid growth of the property sector, driven by the consistent availability of land and the rising public demand for housing and office spaces. Based on the data results, it is evident that there was an upsurge in demand for property and real estate in 2019. In contrast, production was sluggish expansion across all industries during the Covid-19 pandemic. Share prices will rise with increased demand and fall with less demand. This is evident in the company's effective management of shareholders. Financial reports are crucial for the company's future. Financial report data can be utilized as a decisive factor in decision-making. By assessing the financial performance of PT. Alam Sutera Reality Tbk, PT. Bumi Serpong Tbk, and PT. Bekasi Fajar Industri Estate Tbk, investors can make well-informed investment decisions. The liquid or illiquid ratio, which is based on the company's debt-to-equity ratio, current ratio, net profit margin, and total asset turnover, can be calculated to complete this assessment.

Multi-Family Housing Environment and Physical Activity: A Systematic Review of the Literature.

To identify environmental features of multi-family housing (MFH) and their surrounding neighborhoods that influence residents' physical activity (PA). Articles published between January 2000 and September 2023 were identified from major social science, medical, health, behavioral science, and urban studies databases. Studies were included if they (a) were empirical studies published in peer-reviewed journals and written in English; (b) focused on the MFH environment or the surrounding neighborhood; and (c) had at least one PA outcome. Data was extracted regarding the study objective, location, study sample, research design, results related to MFH and neighborhood environment, and limitations. Descriptive summary of study characteristics and analysis to identify emerging themes at three spatial scales (i.e., building, site, and neighborhood). Findings from 35 identified articles revealed factors influencing MFH residents' PA. On the building level, typology (apartment, townhouse) and tenure (public, market rent) showed contrasting correlations with PA in different age groups. On the site level, the presence of PA facilities and safe, walking-friendly environments promoted PA. On the neighborhood level, safety, quality of PA and pedestrian infrastructure, upkeep, air quality, aesthetics, neighborhood satisfaction, street connectivity, walkability, land use mix, density, and public transport promoted PA. Study findings highlight the importance of the MFH environments in promoting PA, especially in older adults and young children. With increasing housing demand, understanding diverse MFH typologies and the impact of interventions on multi-spatial scales can help promote healthy and activity-friendly communities.

Urbanization Impacts the Soaring Housing Price of Hangzhou During 2018-2022

This paper examines the reasons for the rapid increase in housing prices in Hangzhou between 2018 and 2022. As one of China's fast-growing cities, Hangzhou has experienced significant changes in its real estate market due to continued population growth and accelerated urbanization, especially driven by major events such as the G20 Summit and the Asian Games. Firstly, the improvement and expansion of the city's infrastructure, especially the development of Hangzhou's metro network, has increased the attractiveness and property values of specific areas. Second, the government's talent admission policies and the city's overall attractiveness led to a population surge, further pushing up housing demand. In addition, special events such as the G20 Summit and the Asian Games and the urban renewal programs they bring have stimulated housing prices to a certain extent. In response to these reasons, it is recommended that the government take multifaceted measures to control the excessive rise in housing prices, including strengthening the regulation of the real estate market, rationalizing the planning of urban development, and providing more affordable and rental housing. The Government has optimized its policies to meet the housing needs of different income groups so as to achieve long-term stability and healthy development of the real estate market.

Training & Community Involvement for Remote Housing Projects in Australia Northern Territory

Abstract—Construction of houses in remote communities faces a range of challenges, many of which would be reduced by the involvement of local community members during the construction. Remote housing demand is high and under-resourcing in existing houses impacts on the health of the occupants. This research investigates and evaluates ways to improve community engagement in remote housing projects. Builders with experience delivering remote housing projects were asked to provide insight relating to the potential training and involvement of community members during construction. It was found that builders have major challenges with work ethics, poor numeracy and literacy and language barrier in remote areas which hinder community engagement in remote projects. Some building techniques such as slab on ground and steel wall framing were found more effective for community engagement. Results also show that training of community members could be improved by setting benchmark goals to be achieved throughout a project. This means there is an opportunity for housing projects in remote communities to improve on essential training and employment through better involvement of local community members during construction, in turn this will lead to better maintenance and understanding of houses.