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- Title
On the Directional Accuracy of United States Housing Starts Forecasts: Evidence from Survey Data.
- Authors
Meyer, Tim
- Abstract
I use data from both the Survey of Professional Forecasters and the Livingston Survey to study the directional accuracy of United States housing starts forecasts. Using elements of relative operating characteristic (ROC) analysis, I find that forecasts contain information with respect to subsequent changes in housing starts. Estimates for both surveys are significant at all forecast horizons and robust across time and across forecasters. Implications for the usage of housing starts forecasts from survey data are discussed.
- Subjects
UNITED States; HOUSING starts; FUTUROLOGISTS; INFORMATION retrieval; ACCURACY
- Publication
Journal of Real Estate Finance & Economics, 2019, Vol 58, Issue 3, p457
- ISSN
0895-5638
- Publication type
Article
- DOI
10.1007/s11146-017-9637-9