Multipliers, Vacancy Chains, and Filtering in Housing

Abstract

Abstract Looking at housing policy in terms of the careers of vacancies in the system offers a new perspective for deciding on program priorities. Available data indicate that the filtering process enables four families to move for every new unit built. The filtering process can be modeled using probabilities for the movement of housing vacancies. New vacancies are generated by the flow of families out of the metropolitan area as well as by the flow of new houses into the metropolitan stock.