caa a22 4500 477129978 CHVBK 20180405111702.0 cr unu---uuuuu 170330e19970101xx s 000 0 eng 10.1023/A:1007740622649 doi (NATIONALLICENCE)springer-10.1023/A:1007740622649 Evaluating the Usefulness of the American Housing Survey for Creating House Price Indices [Elektronische Daten] [Katherine Kiel, Jeffrey Zabel] The American Housing Survey (AHS) is a valuable source of information on houses and occupants over time. The AHS has several advantages over sales data for use in the creation of price indices: it is readily available, has frequent observations over time and space, has data from the late 1970s through the mid-1990s, includes houses that do not sell, as well as those that do, and has information on the occupants. The drawbacks include: a time lag between the interview and the release of the data, data suppression issues, owner-stated house values, and a lack of neighborhood information. In this study, we use the metropolitan version of the AHS, which has been supplemented with the original survey data as well as Census tract data for three cities over 14 years to examine whether the AHS can be used to create indices. Indices are estimated using hedonic, repeat valuation, and hybrid techniques, overcoming some of the problems inherent in the estimation of indices. We find that the data-suppression issues and the owner-stated house values are not problematic. The biggest drawback of the AHS is its lack of objective information on neighborhood quality. Kluwer Academic Publishers, 1997 American Housing Survey nationallicence house price indices nationallicence Kiel Katherine Department of Economics, Northeastern University, 02115, Boston, MA aut Zabel Jeffrey Department of Economics, Tufts University, 02155, Medford, MA aut The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 14/1-2(1997-01-01), 189-202 0895-5638 14:1-2<189 1997 14 11146 https://doi.org/10.1023/A:1007740622649 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1023/A:1007740622649 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Kiel Katherine Department of Economics, Northeastern University, 02115, Boston, MA aut NATIONALLICENCE 700 1- Zabel Jeffrey Department of Economics, Tufts University, 02155, Medford, MA aut NATIONALLICENCE 773 0- The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 14/1-2(1997-01-01), 189-202 0895-5638 14:1-2<189 1997 14 11146 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer