EconPapers    
Economics at your fingertips  
 

When will the U.S. housing market stabilize?

John Duca, David Luttrell and Anthony Murphy ()

Economic Letter, 2011, vol. 6, issue august, No 8

Abstract: The hope that housing markets had stabilized in mid-2010 was dashed by subsequent declines in home construction and prices (Charts 1 and 2). Homebuilding peaked about five years ago, and housing prices almost four years ago. Amid such a prolonged downturn, a key question becomes, When will the housing market stabilize and support the economic recovery? We suggest that new home construction may stabilize and start recovering slowly within the next year or so. Our econometric results also indicate that national house prices may hit bottom late this year or in early 2012 and then recover slowly.

Keywords: Housing - Prices; Mortgage loans (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://www.dallasfed.org/assets/documents/research/eclett/2011/el1108.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Unavailable (http://www.dallasfed.org/assets/documents/research/eclett/2011/el1108.pdf [301 Moved Permanently]--> https://www.dallasfed.org/assets/documents/research/eclett/2011/el1108.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:feddel:y:2011:i:august:n:v.6no.8

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Letter from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by Amy Chapman ().

 
Page updated 2019-08-25
Handle: RePEc:fip:feddel:y:2011:i:august:n:v.6no.8