Supply Side of the Housing Boom and Bust of the 2000s

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By Andrew Haughwout (au)
Year: 2012
Pages: 37
Binding Paperback
ISBN 978-1-4578-3089-1

Product Code: 1457830892

Description

The boom and subsequent bust in housing construction and prices over the 2000s is widely regarded as a principal contributor to the Financial Panic of 2007 and the subsequent Great Recession. Housing market activity remains at depressed levels as the economy slowly resolves the legacy of excess supply and sharply lower prices. Over 2.6 million foreclosures have been completed since 2008 and 1.9 million foreclosures are in process. This study examines developments on the supply side of the housing market. The authors provide a descriptive review of housing production, sales, and prices at the national, regional, and state levels. Also looks at developments in the homebuilding industry over this period. Illustrations. A print on demand report.

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