A brief presentation exploring the key points of our housing market estimation process, along with some discussion of special topics. Some discussion available in the slide notes! URBEK \ Halbert Economics Methodology
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Halbert Economics housing approach traces its roots to HUD-FHA techniques of analysis, correlating changes in employment, people, households, and housing units typically at the county level. Migration by age group is factored into the calculations for each market. These techniques were first published by HUD-FHA more than 40 years ago, when “urban economics” as a discipline was in its infancy.
Detailed demand estimates by sales price and rent levels in a particular local market are available from Halbert Economics. Sub-county estimates are typically based on a drive-time analysis or a group of zip codes, and are derived from county controlled totals. The housing requirements of seniors are calculated as a specialized segment of the overall housing market. As a result, the demand estimates for the general sales market, the general rental market, and the various seniors segments are internally consistent.
Our analysis is based on Microeconomic principles, combining incentives, constraints, and transaction costs to predict the outcomes of individual choice. In the senior’s housing area, this translates to few companies supplying many products into a market, tending toward monopolistic competition.
Halbert Economics is committed to accurate analysis.
Brian Halbert is an economist specializing in Microeconomic theory and modeling. He began collaborating with Gil Till of URBEK on housing markets in 2010. Before moving into housing analysis, his past work has focused on economic property rights, intellectual property, and portfolio modeling.
URBEK economist Gilbert Till has been making seniors housing demand estimates nationwide since 1968. He brings 30 years of experience working with investors, lenders and developers to provide housing market analysis within the context of contemporary urban economics theory.
Halbert Economics provides detailed demand reports, by sales price and rent levels, in any local market, nationwide.
Sub-county estimates are typically based on a drive-time analysis or a group of zip codes, and are derived from county control totals. The housing requirements of seniors are calculated as a specialized segment of the overall housing market. As a result, the demand estimates for the general sales market, the general rental market, and the various seniors segments are internally consistent.
We need to roughly estimate the Medicare demand for beds, as an addition to traditional long-term care demand, to correctly determine whether the local demand for skilled nursing is satisfied. To that end, consider the following approach: taking 1.2% of the local 75 and over population. There were 68 million total Medicare[a] covered skilled nursing […]