1. The Housing Sector, Interest Rates and Unemployment Examined
... 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 ... interest rates play a greater role in housing demand than long-term rates. Nevertheless, despite the prevalence of different housing finance systems and rates of owner occupation, those countries with th...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate