주택도시금융연구(Journal of Housing and Urban Finance)

About Journal of Housing and Urban Finance

주택도시금융연구는 주택도시보증공사가 연 2회(6월 30일/12월 31일) 발간하고 있는 학술지입니다. 주택도시금융연구는 주택·도시·금융과 관련된 학문적·정책적 시사점을 함의한 연구논문을 발굴하여 동 분야의 연구 활성화를 도모하고 정책 아이디어 개발에 기여합니다. 원고 작성 시 모든 투고자는 주택도시보증공사의 연구윤리기준을 준수해야 하며, 타 학술지에 게재 혹은 출판된 적이 없는 논문이어야 하며, 타 학술지에 투고 중인 논문은 미게재 확정 후 본 학술지에 게재 가능합니다. 게재대상 원고에 대해서는 소정의 원고료를 지급합니다.
About Korea Housing & Urban Guarantee Corporation

주택도시보증공사는 주거복지 증진과 도시재생활성화를 지원하기 위한 각종 보증업무 및 정책사업을 수행합니다. 주택도시기금의 효율적인 운용 및 관리를 통해 경영혁신을 이루고 한 발 앞선 주거정책시행으로 서민주거안정을 이끌어 갑니다. 주택에서 도시까지 국민의 더 나은 삶을 책임지는 전문 공기업입니다. 주택도시보증공사는 지난 20여년간 국내 유일의 주택보증 전문기관으로서 1,183조원, 1,213만 세대의 보증공급을 통해 국민 주거안정 실현에 기여하였으며, 세계적으로 인정받는 분양보증 제도를 토대로 주택사업 전 단계에 걸친 보증 상품을 운영함으로써 주택사업자의 원활한 사업추진과 주택금융시장의 안정, 정부의 정책목표 달성을 뒷받침 해 왔습니다. 앞으로도 자산규모 6조 7천억원, 현금유동성 5조 8천억원을 보유한 신뢰받는 주택도시금융기관으로서 생애단계별·소득수준별 맞춤형 보증 및 기금 지원을 통해 국민의 주거복지를 향상시키고, 정부·공공기관·민간과의 협업을 통해 도시재생을 추진함으로써 새로운 사회적 가치를 실현하는데 노력하도록 하겠습니다.
Article

Dec 31, 2020

Housing price volatility and timing of housing supply in pre-sale market
주택가격의 불확실성이 주택공급시기 결정에 미치는 영향

Kyu Hyun Ji
지규현

J. Hous. Urban Finance 2020;5(2):5-18.
https://doi.org/10.38100/jhuf.2020.5.2.5

This study examined whether the real option is implemented in the housing supply market where houses are available for sale at the time of construction. The Cox Proportional Hazard Model was used to investigate whether real options are implemented between permits and commencements and subsequently between commencements and completions after deriving the uncertainty variable of the housing market through a GARCH model. The study found that builders alter their exercise rate of permits with the latest information on housing-market conditions. The...
Article

Dec 31, 2020

Commuting characteristics and residential satisfaction by public housing type in Seoul
통근특성을 통해 본 서울시 공공임대주택 거주자의 주거만족도: 매입임대와 영구임대 비교를 중심으로

Jinuk Sung, Hyeon-Sook Chun
성진욱, 천현숙

J. Hous. Urban Finance 2020;5(2):19-33.
https://doi.org/10.38100/jhuf.2020.5.2.39

This study explored the problem of uneven location of public housing due to supply-oriented housing policies. In particular, the study focused on exploring the factors affecting residential satisfaction through commuting characteristics. The analysis data were derived from the panel survey (2-wave) on public housing provided by SH Corporation. An ordered logistic regression analysis was applied as a research model considering the characteristics of the dependent variable. The results of this study are as follows. First, as commuting time and di...
Article

Dec 31, 2020

A study on the characteristics of Price-to-Income Ratio (PIR) change among Seoul’s apartments by district
서울시 자치구별 아파트 Price-to-Income Ratio(PIR) 변동 특성에 관한 연구

Jin Woong Kwon, Nam Jung Kim
권진웅, 김남정

J. Hous. Urban Finance 2020;5(2):35-52.
https://doi.org/10.38100/jhuf.2020.5.2.55

This study analysed the changing trend in annual price-to-income ratio (PIR) by employing data of real apartment transactions (total 784,697 transactions) in 25 districts in Seoul over a 10-year period (2010-~2019). The results reveal that the biggest PIR change occurred in the 3 Gangnam districts and alongside the west-east axis of the Han River, while the changes on the North-South axis were insignificant. The PIR change was least significant in the northern outskirts of Seoul, followed by the districts in the south-west outskirts of Seoul. T...
Article

Dec 31, 2020

The correlation and causality between broadcasting sentiment index and housing sales price index: Evidence from Seoul
방송뉴스 감성지수와 서울시 주택매매가격의 상관 및 인과관계 분석

Jae-Su Lee, Jae-Soo Park
이재수, 박재수

J. Hous. Urban Finance 2020;5(2):53-68.
https://doi.org/10.38100/jhuf.2020.5.2.73

The study intends to understand whether the real estate sentiment index, calculated using real estate-related broadcasting news, has a significant correlation or causal relationship with the apartment sales price index based on data from 2012 to 2018 in the Seoul Metropolitan Area. We find that the broadcasting sentiment index correlates positively with the apartment sales price index; an increase in the broadcasting sentiment index results in an increase in the sales price index in Seoul, which again has a significant impact on the increase in...
Article

Dec 31, 2020

An explorary study on evaluation indicators of uban renewal projects
도시재생사업의 평가지표에 관한 탐색적 연구: 성과평가를 중심으로

Ju Young Kim
김주영

J. Hous. Urban Finance 2020;5(2):69-83.
https://doi.org/10.38100/jhuf.2020.5.2.89

Evaluation and monitoring of urban renewal projects can be divided by strategy, implementation and performance and developing and application will be a prominent task in success of this projects. This study focuses on finding out performance indicators from the perspective of urban sustainability. Prior studies tend to focus on quantatitive indexes and mostly focus on economic perspectives of urban renewal projects. Various studies studying indicators of urban renewal projects were collected and sorted out by more practical division. Urban sust...
Article

Dec 31, 2020

An analysis of the economic effects of the leading urban regeneration area in Gunsan: Focusing on revenue by business type^*
군산시 도새재생선도지역의 경제적 효과 분석: 업종별 매출액을 중심으로^*

Hyun-Tae Joo, Sam-Su Lee
주현태, 이삼수

J. Hous. Urban Finance 2020;5(2):85-101.
https://doi.org/10.38100/jhuf.2020.5.2.105

This study attempted to examine the economic effects of leading urban regeneration areas, with the leading urban regeneration area in Gunsan as a case study. To examine the economic effects of the urban regeneration project in Gunsan, the study utilized the floating population and revenue data of SKT. Then, it compared variations in accordance with changes in time periods in relation to the leading urban regeneration area and other areas for comparison. Additionally, revenue figures were sorted by business type to confirm which ones were affect...

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CURRENT ISSUE: Dec 2020, Vol. 5 , No. 2

Article Housing price volatility and timing of housing supply in pre-sale market 주택가격의 불확실성이 주택공급시기 결정에 미치는 영향 Kyu Hyun Ji 지규현 J. Hous. Urban Finance 2020;5(2):5-18. https://doi.org/10.38100/jhuf.2020.5.2.5 HTML PDF PubReader	Article Commuting characteristics and residential satisfaction by public housing type in Seoul 통근특성을 통해 본 서울시 공공임대주택 거주자의 주거만족도: 매입임대와 영구임대 비교를 중심으로 Jinuk Sung, Hyeon-Sook Chun 성진욱, 천현숙 J. Hous. Urban Finance 2020;5(2):19-33. https://doi.org/10.38100/jhuf.2020.5.2.39 HTML PDF PubReader
Article A study on the characteristics of Price-to-Income Ratio (PIR) change among Seoul’s apartments by district 서울시 자치구별 아파트 Price-to-Income Ratio(PIR) 변동 특성에 관한 연구 Jin Woong Kwon, Nam Jung Kim 권진웅, 김남정 J. Hous. Urban Finance 2020;5(2):35-52. https://doi.org/10.38100/jhuf.2020.5.2.55 HTML PDF PubReader	Article The correlation and causality between broadcasting sentiment index and housing sales price index: Evidence from Seoul 방송뉴스 감성지수와 서울시 주택매매가격의 상관 및 인과관계 분석 Jae-Su Lee, Jae-Soo Park 이재수, 박재수 J. Hous. Urban Finance 2020;5(2):53-68. https://doi.org/10.38100/jhuf.2020.5.2.73 HTML PDF PubReader
Article An explorary study on evaluation indicators of uban renewal projects 도시재생사업의 평가지표에 관한 탐색적 연구: 성과평가를 중심으로 Ju Young Kim 김주영 J. Hous. Urban Finance 2020;5(2):69-83. https://doi.org/10.38100/jhuf.2020.5.2.89 HTML PDF PubReader	Article An analysis of the economic effects of the leading urban regeneration area in Gunsan: Focusing on revenue by business type^* 군산시 도새재생선도지역의 경제적 효과 분석: 업종별 매출액을 중심으로^* Hyun-Tae Joo, Sam-Su Lee 주현태, 이삼수 J. Hous. Urban Finance 2020;5(2):85-101. https://doi.org/10.38100/jhuf.2020.5.2.105 HTML PDF PubReader

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