Volume 27, Number 1, 2005 of the Journal of Real Estate Research
A Hedonic Price Comparison of Manufactured and Site-Built Homes in the Non-MSA United States
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Stephanie E. Vanderford
Department of Housing and Consumer Economics, University of Georgia
305 Sanford Drive
Athens, Georgia 30602-2622
Phone number: (706) 542-4874
e-mail: seiche@uga.edu
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Yoko Mimura
Phone number: (706) 542-4758
Fax number: (706) 583-0313
e-mail: ymimura@fcs.uga.edu |
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Anne L. Sweaney
Phone number: (706) 542-4877
Fax number: (706) 542-4397
e-mail: asweaney@fcs.uga.edu
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Abstract: This research used the hedonic price technique to focus on a housing characteristic that has been studied infrequently: whether a home is site-built or manufactured. Two hedonic price regression models were used to determine the predictive power of construction type on home price. The first, which controlled for factors found to relate to home prices in previous research, showed a significant difference between the prices of the two types of homes. The second, which also included other variables through a stepwise regression, found that the type of construction had more predictive power than any other explanatory variable in the model.
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