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
May, 2008
Click here for excel file
Notes:
- “rent-price
ratios” reports the ratio of rents (semi-annual) to prices.
- “rent_indx_nom”
and “price_indx_nom” report nominal rent (BLS) and price (OFHEO) indexes.
- “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.
- “CPI
XShelter” reports the CPI index excluding shelter for the USA.
- “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.