Location, Location, Location: Manufacturing and House Price Growth

Abstract Exploiting data on tens of millions of housing transactions, we show that (1) house prices grew by less in manufacturing-heavy US regions, (2) this pattern is especially present for the lowest-value homes and that (3) price declines coincided with worse labour market outcomes, consistent wi...

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Bibliographic Details
Published in:The Economic journal (London) 2023-07, Vol.133 (653), p.2055-2067
Main Authors: Feng, Xiangyu, Jaimovich, Nir, Rao, Krishna, Terry, Stephen J, Vincent, Nicolas
Format: Article
Language:English
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