1. The Housing Sector, Interest Rates and Unemployment Examined
... 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. In addition, evidence exists which imply that supply constraints will aid in stabilizing new home ... in house prices in recent years. There have been a number of significant studies completed in relation to residential property prices and the influence of views and prox...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate