Housing Markets in the United States and Japan PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Housing Markets in the United States and Japan PDF full book. Access full book title Housing Markets in the United States and Japan by Yukio Noguchi. Download full books in PDF and EPUB format.
Author: Yukio Noguchi Publisher: University of Chicago Press ISBN: 0226590208 Category : Business & Economics Languages : en Pages : 280
Book Description
Although Japan and the United States are the world's leading economies, there are significant differences in the ways their wealth is translated into living standards. A careful comparison of housing markets illustrates not only how living standards in the two countries differ, but also reveals much about saving patterns and how they affect wealth accumulation. In this volume, ten essays discuss the evolution of housing prices, housing markets and personal savings, housing finance, commuting, and the impact of public policy on housing markets. The studies reveal surprising differences in housing investment in the two countries. For example, because down payments in Japan are much higher than in the United States, Japanese tend to delay home purchases relative to their American counterparts. In the United States, the advent of home equity credit may have reduced private saving overall. This book is the first comparison of housing markets in Japan and the United States, and its findings illuminate the effects of housing markets on productivity growth, business investment, and trade.
Author: Yukio Noguchi Publisher: University of Chicago Press ISBN: 0226590208 Category : Business & Economics Languages : en Pages : 280
Book Description
Although Japan and the United States are the world's leading economies, there are significant differences in the ways their wealth is translated into living standards. A careful comparison of housing markets illustrates not only how living standards in the two countries differ, but also reveals much about saving patterns and how they affect wealth accumulation. In this volume, ten essays discuss the evolution of housing prices, housing markets and personal savings, housing finance, commuting, and the impact of public policy on housing markets. The studies reveal surprising differences in housing investment in the two countries. For example, because down payments in Japan are much higher than in the United States, Japanese tend to delay home purchases relative to their American counterparts. In the United States, the advent of home equity credit may have reduced private saving overall. This book is the first comparison of housing markets in Japan and the United States, and its findings illuminate the effects of housing markets on productivity growth, business investment, and trade.
Author: Miki Seko Publisher: Springer ISBN: 9811333696 Category : Business & Economics Languages : en Pages : 290
Book Description
This book addresses essential questions about housing by building theoretical models based on various real world problems in Japan and testing these models using econometric methods. Almost all related empirical analyses use Japanese household longitudinal data. Accordingly, the author analyzes whole aspects of the data, based on an understanding of the actual situation, theory, and empirical analysis, to directly derive a vision of a future housing policy. Why are houses expensive and difficult to obtain in Japan? Why do people have to live in small houses? Why do people not relocate frequently? Why is the earthquake insurance subscription rate so low, particularly in an earthquake-prone country such as Japan, even after such a catastrophic event as the Great East Japan Earthquake of 2011? How do existing housing finance and tax policies or laws relate to these real world problems? To answer these questions, the book clarifies the unique criteria that characterize housing problems in Japan and presents a vision of future housing policy. The short answer is that existing housing finance policy that adopts criteria based on the floor space of houses creates incentives for people to live in even smaller houses. Furthermore, the Japan Rental Act, which affects people renting homes, reduces residential mobility. The incidence of underinsurance against earthquake risk is a result of earthquake insurance market imperfections such as crude and rough geographical risk ratings. The book elaborates on these factors in four parts and will be of interest to all readers who are concerned with the housing market and household behavior in Japan.
Author: Yukio Noguchi Publisher: University of Chicago Press ISBN: 0226590216 Category : Social Science Languages : en Pages : 216
Book Description
Japanese and American economists assess the present economic status of the elderly in the United States and Japan, and consider the impact of an aging population on the economies of the two countries. With essays on labor force participation and retirement, housing equity and the economic status of the elderly, budget implications of an aging population, and financing social security and health care in the 1990s, this volume covers a broad spectrum of issues related to the economics of aging. Among the book's findings are that workers are retiring at an increasingly earlier age in both countries and that, as the populations age, baby boomers in the United States will face diminishing financial resources as the ratio of retirees to workers sharply increases. The result of a joint venture between the National Bureau of Economic Research and the Japan Center for Economic Research, this book complements Housing Markets in the United States and Japan (1994) by integrating research on housing markets with economic issues of the aged in the United States and Japan.
Author: Lampert, Greg Publisher: Canadian Housing Export Centre ISBN: Category : Housing Languages : en Pages :
Book Description
Japan is one of the world's largest housing markets - housing starts averaged 1.5 million dwelling units annually during 1994-1997 period. This level of annual japanese housing starts exceeds that of the United States over the same period (1.4 million) and dwarfs the 134,000 average annual starts in Canada. Much of the market for housing products and services in Japan relates to the construction of single-family housing, which compromises roughly half of the country's total annual housing starts. Many countries including Canada are aggressively targeting Japan as a market for housing-related exports. Access to market informationa and research expertise represents an important barrier to Canadian housing firms that are seeking to explore export opportunities in Japan. This report comprises Phase I of a two-phase attempt to assist in this regard. Commissioned by the Canadian Housing Export Centre within Caanda Mortgage and Housing Corporation, the report highlights the availability, sources and quality of housing market information in Japan. The intent is to inform the Canadian housing industry about how to access important information on the Japanese market. The Phase 2 study will provide an analysis of prospects for Canadian exports and an analysis of the penetration of imports into this market.
Author: Ashok Bardhan Publisher: John Wiley & Sons ISBN: 1118144236 Category : Business & Economics Languages : en Pages : 576
Book Description
A global look at the reasons behind the recent economic collapse, and the responses to it The speculative bubble in the housing market began to burst in the United States in 2007, and has been followed by ruptures in virtually every asset market in almost every country in the world. Each country proposed a range of policy initiatives to deal with its crisis. Policies that focused upon stabilizing the housing market formed the cornerstone of many of these proposals. This internationally focused book evaluates the genesis of the housing market bubble, the global viral contagion of the crisis, and the policy initiatives undertaken in some of the major economies of the world to counteract its disastrous affects. Unlike other books on the global crisis, this guide deals with the housing sector in addition to the financial sector of individual economies. Countries in many parts of the world were players in either the financial bubble or the housing bubble, or both, but the degree of impact, outcome, and responses varied widely. This is an appropriate time to pull together the lessons from these various experiences. Reveals the housing crisis in the United States as the core of the meltdown Describes the evolution of housing markets and policies in the run-up to the crisis, their impacts, and the responses in European and Asian countries Compares experiences and linkages across countries and points to policy implications and research lessons drawn from these experiences Filled with the insights of well-known contributors with strong contacts in practice and academia, this timely guide discusses the history and evolution of the recent crisis as local to each contributor's part of the world, and examines its distinctive and common features with that of the U.S., the trajectory of its evolution, and the similarities and differences in policy response.
Author: Richard K. Green Publisher: The Urban Insitute ISBN: 9780877667025 Category : Political Science Languages : en Pages : 240
Book Description
The first book that explains the economics of housing policy for a general audience. Planners, government officials, and public policy students will find that the economic perspective is a very powerful and useful way to examine these issues. The authors provide a broad review of the market for housing services in the U.S., including a conceptual framework, an overview of housing demand and supply, methods for measuring prices and quantities, and sources of basic data on markets. They cover housing programs and polices, and offer answers to policy questions that are of current interest. The book has been field-tested in graduate and undergraduate courses in urban and housing economics at the University of Wisconsin, the University of California--Berkeley, The University of Pennsylvania, and others. This book is also sure to be useful to policymakers, advocates, economists, and anyone interested in a clear picture of how housing markets function. Published in cooperation with the American Real Estate and Urban Economics Association (AREUEA).
Author: A. Vogler Publisher: IOS Press ISBN: 1614995486 Category : Architecture Languages : en Pages : 196
Book Description
Industrialized housing has been a common phenomenon in the building industry since the industrial revolution; the casting of iron components enabled Victorian iron casters to prefabricate entire buildings and to export them to all British colonies. It got a second boost from Modernist architects like Ludwig Mies van der Rohe, Walter Gropius and Konrad Wachsmann; and a third boost in the US when the soldiers came back from the Second World War in 1945 and wanted to buy a ready-made house. In the later decades of the 20th century composite prototypes were built. Timber frame houses are extremely popular in low density areas worldwide. For densely populated areas housing is now firmly attached to reinforced concrete. The contracting industries have developed efficient building methods for the concrete structures on which separate systems of claddings are fixed to form a house. However, in the coming decades, designers, builders and scientists also have to keep the environment in mind, working with a minimal amount of materials, and for minimizing embodied energy and energy use. In the coming age minimal embodied energy and low ecological footprints are renewed values that will be added to energy-positive housing and that will have an influence on the building technology of the future. This will lead to a reformation of the building vocabulary. Other materials will have to be chosen and developed to function in building elements and components.
Author: Yukio Noguchi
Author: Yukio Noguchi
Author: Miki Seko
Author: Yukio Noguchi
Author: Lampert, Greg
Author: United States. General Accounting Office
Author: Ashok Bardhan
Author: Tomiyoshi Ogawa
Author: Richard K. Green
Author: 
Author: A. Vogler