Data sources for stock/user matrices include:

A. Household interview surveys

1. Census

2. Special purpose

B. Borrower surveys by mortgage granting institutions

3.2

The Structure of Housing Prices

Studies of the structure of housing prices should focus on construction and analysis

of two measures of price hedonic price indices and indices of user cost. Data

requirements for each include:

A. Hedonic price studies

1. For recent movers only

a. Market rent

(1) Contract rent

(2) Utilities

b. Sale price

c. Housing characteristics

(1) Dwelling unit characteristics

(a) Size

(b) Interior facilities bedrooms, bathrooms, kitchen, sharing of

facilities

(c) Condition state of repair, quality of interior finishes, working

condition (reliability) of utilities (heat, hot water, electricity)

(2) Building characteristics

(a) Number of units in building

(b) Stories in building, story of unit

(c) Access to places of employment, shopping, schools, churches,

etc.

(d) Centrally heated

(3) Institutional status

(a) Private

(b) Cooperative

(c) Existence, magnitude of subsidies

(d) Relationship of tenant/purchase to previous owner

(4) Length of stay

Data for hedonic price studies are typically based on household interview surveys.

B. User cost studies

1. For renters

a. Contract rent

I 6