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American Housing Survey II

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Presentation on theme: "American Housing Survey II"— Presentation transcript:

1 American Housing Survey II

2 Data Model drives variable selection Selection Criteria
Certain MSAs Owners only Known metro status Known year built 103 variables on observations

3 Data Download Go to Unzip the file using Winzip Read it into Excel Parse it into columns Save as tab delimited text

4 Codebook

5 Stata Read into Stata insheet using “your file name” Be sure you have 103 variables, observations

6 Examine the Data Sort control famtyp famrel Summarize data
note multiple observations per control what are famtyp and famrel? Summarize data several variables are strings note minimums and maximums

7 Housing Characteristics
Goal: estimate a hedonic equation for house characteristics Consider Bedrms, Baths, halfb, kitch, dens, dining, famrm, laundry, living, rooms, unitsf, lot What do you observe? Look at maximums and minimums

8 Housing characteristics
Functional form? Does each bedroom contribute equally to value? Does each bathroom? What about area? Price or log price? Construction cost or purchase price?

9 Regression OLS - lprice as function of house characteristics, unitsf and lot tabulate characteristics tabu varname, gen(varname) Sample weights [pw=pwt]


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