Since December, construction rose nearly 17% as Americans are in the market to buy houses again. After the financial crisis, the US housing market continues to recover and improve by a healthy American economy. From the graph above, there has been a healthy increase in demand for homes last year. With mortgages rates that fell to multi-year lows over the summer rates are still favorable for the buyers and had inspired an increase in home-buying activity by the end of 2019. According to some analysts, they remain skeptical that America’s housing market will boom once again. According to Rupkey, he said, “Housing starts have been below housing permits lately so today’s figures look suspicious, meaning the good news cannot last.” I disagree with this statement. Looking at the graph above, you can see that there has been a steady increase in the data. Although I agree that at some point, the data will decrease I’m doubtful that’ll it’ll end soon. What do you guys predict? What do you think will happen to theAmerica’s housing market in one year? Two years? A decade?
Subscribe to:
Post Comments (Atom)
1 comment:
Well, as we can see from the graph, the market for houses decreased in 2008 and was only really able to recover after 2010. Now, we all know there was an economic problem for America in 2008, and (although I'm not an expert in the field) I don't see that kind of event occurring anytime soon. I agree with Anne; I think it likely that the housing market will continue to improve, which also makes sense as the country's population continues to grow.
Post a Comment