1. The Housing Sector, Interest Rates and Unemployment Examined
... 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 ... rates as a result of joining the euro; for example, Spain with growth of 18% and Ireland 8%. However, house prices have not been strong everywhere. In Germany, Japan and Hong Kong, prices have been stagnant or falling and the hot spots are widely spread from Sydney t...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate