1. The Housing Sector, Interest Rates and Unemployment Examined
... 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. In ... reached that point or, at least, be nearing that point. The strength of the residential real estate market will depend on the interest rate environment, which remains favorable, and job retention and creation. During 2006, one of the largest population segments, roughly 76 million peo...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate