The Impact of Unseasonable Weather on Housing Starts
研究了不合时宜的天气对国家和区域层面住房开工量的影响，发现第一季度天气会显著影响开工节奏，且后续月份不会完全抵消。
This study tests the effects of unseasonable weather on housing starts at the national and regional level. Goodman [1] examined this issue and concluded that abnormal weather conditions have little or no effect on the pace of housing starts. The models presented in this study allow the impact of unseasonable weather on starts to vary over each month of the year whereas the specification in Goodman constrained these effects to vary between only the summer and winter. In addition, lagged weather deviations are included in the model to determine if unseasonable weather affects the demand for housing or merely the timing of housing starts. The results suggest that unseasonable weather does affect the pace of housing starts in the months of the first quarter. Oddly enough, however, the results indicate that the effects of weather on starts are not offset in following months.