Housing Careers in the United States, 1968-93: Modelling the Sequencing of Housing States

Abstract

The research in this paper focuses on the housing career during a household's life-course. The housing career is the sequence of housing states defined in terms of tenure and the quality/price of the dwellings that households occupy while they make parallel careers in family status and the job market. The research brings out, more than the literature on separate residential moves, that many households are in a stable housing state over long stretches of their life-course. Housing careers are notable for having a relatively simple structure and, in general, an upward trend in quality, price and tenure of the sequence of dwellings occupied. As expected, there is a close relationship between the type of housing career and a household's income and income growth. Regional variation in tenure composition and the price of the stock have a strong influence on the development of the housing careers in different regions.