Last update: 09/12/2013 13:55:03
The objective of this study is to develop a model of the urban and regional housing market that incorporates the impact of demand, supply and price adjustment mechanism. The model is to be applied in LASER and potentially in other large-scale transport models, but it is not intended to be freestanding.
In order to plan and assess the impact of housing market for a given area, the Department and its agencies use land use/ transport models (LUTI), like LASER. Modelling housing in LASER is weak and this has been identified in the audit of LASER study that was carried out last year by Motts for the HA. This study aims to address this weakness by means of looking into current studies and methods to make improvements to LASER & to other LUTI models.
The project will deliver a draft report outlining the strengths and weaknesses of different housing market models in the UK and elsewhere; design of the prototype module for use in general transport models and a fully tested updated version of LASER.
David Simmonds Consultancy
Suite 23, Millers Yard, Cambridge, CB2 1RQ
Cost to the Department: £153,007.00
Actual start date: 27 February 2006
Actual completion date: 31 December 2007