Dynamics of investment in new housing and other new construction work

A. Akintoye, R. M. Skitmore

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review


Economic theory suggests that construction investment varies directly with business and consumer confidence in national economic situation and inversely with price changes and interest rate. Studies of public and private sectors new housing and other new construction works using OLS regression analysis on UK data reveal the time lags and dynamics of these relationships. The time lags reveal the question of how rapid the construction investment could respond to changes in these underlying economic factors, as this may substantially determine private and public sector construction investment policies.

Original languageEnglish
Title of host publicationManagement, Quality and Economics in Building
PublisherCRC Press
Number of pages13
ISBN (Electronic)0203973488, 9781135828684
ISBN (Print)0419174702, 9780419174707
Publication statusPublished - 1 Jan 2006
Externally publishedYes


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