Data for What Moves Housing Markets:

A Trend and Variance Decomposition of the Rent-Price Ratio

by Sean Campbell, Morris A. Davis, Joshua Gallin, and Robert F. Martin

June, 2009

Click here for excel file. Click here for paper and here for not-for-publication appendix.

Notes:

1. “rent-price ratios” reports the ratio of rents (semi-annual) to prices.
2. “rent_indx_nom” and “price_indx_nom” report nominal rent (BLS) and price (OFHEO) indexes.
3. “exp 10yr infl and 10yr Treas” reports 10-year inflation expectations and the nominal yield on a 10-year Treasury, both at semi-annual rates.
4. “CPI XShelter” reports the CPI index excluding shelter for the USA.
5. “annual pop, emp, inc data” report MSA-level data on population, (annual) per-capita income, and employment, as well as the CPI index excluding shelter. Unlike the other tabs in this worksheet, these data are reported at the annual frequency.