1. The Housing Sector, Interest Rates and Unemployment Examined
... who are entering peak income and wealth years; strong immigration trends resulting to new household formations; increasing homeownership rates; an aging housing stock (approximately 36% of existing home were built before 1960); and better financing options for buyers. The Homeownership Alliance predicts that these demand drivers will lead to 1.85 to 2.17 million new U.S. housing starts per year through 2013. ... , has not been met with a proportionate increase in supply, creating a very tight residential real estate market that has driven prices upwards. Because the increase in prices wa...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate