1. The Housing Sector, Interest Rates and Unemployment Examined
... 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. In addition, evidence exists which imply that ... market. Measuring housing affordability by the ratio of mortgage payments to income, home sales naturally increase as the cost of buying a home becomes "cheaper", and con...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate