| Abstract: | This paper investigates the role of housing age in constraining residential mobility, measured as the percent of households that have moved into their homes in the past 15 months. The leading explanation for why mobility rates differ so much among regions of the United States has been the overall level of growth. The present analysis shows that the growth effect operates through both the newness of population (migration) and the newness of housing available for occupancy by all local residents. The posited explanation for this housing age effect is that progressively older units contain increasingly settled occupants, yielding fewer opportunities for in-movers in areas with older housing. It is empirically demonstrated that households in older housing have lower likelihood of recent mobility even after controlling for age, tenure, migration status, and state location of residence. The analysis reveals the temporal interdependency of mobility, migration, person age, and housing age. |
