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What's Next? Factors Determining the Housing Recovery's Pace

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  • John V. Duca

Abstract

The current balance between the number of owner-occupied homes and rental units demanded, along with existing housing supply, favors a continued recovery in house prices and construction even after temporary delays attributable to severe winter weather in 2013?14. Still, the future pace of the housing recovery will reflect important supply and demand influences?the impact of new homes on supply, market developments affecting housing prices and the alternative costs of renting.

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  • John V. Duca, 2013. "What's Next? Factors Determining the Housing Recovery's Pace," Annual Report, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:feddar:00016
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    References listed on IDEAS

    as
    1. Karl E. Case & Robert J. Shiller & Anne K. Thompson, 2012. "What Have They Been Thinking? Homebuyer Behavior in Hot and Cold Markets," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 43(2 (Fall)), pages 265-315.
    2. Albert Saiz, 2010. "The Geographic Determinants of Housing Supply," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(3), pages 1253-1296.
    3. Danielle DiMartino & John V. Duca, 2007. "The rise and fall of subprime mortgages," Economic Letter, Federal Reserve Bank of Dallas, vol. 2(nov).
    4. Glaeser, Edward L. & Gyourko, Joseph & Saiz, Albert, 2008. "Housing supply and housing bubbles," Journal of Urban Economics, Elsevier, vol. 64(2), pages 198-217, September.
    5. John V. Duca, 2013. "Regionally, Housing Rebound Depends on Jobs, Local Supply Tightness," Annual Report, Federal Reserve Bank of Dallas.
    6. Muellbauer, John & Murphy, Anthony & Duca, John V, 2011. "Shifting Credit Standards and the Boom and Bust in US House Prices," CEPR Discussion Papers 8361, C.E.P.R. Discussion Papers.
    7. Duca, John V. & Muellbauer, John & Murphy, Anthony, 2010. "Housing markets and the financial crisis of 2007-2009: Lessons for the future," Journal of Financial Stability, Elsevier, vol. 6(4), pages 203-217, December.
    8. AfDB AfDB, . "Annual Report 2012," Annual Report, African Development Bank, number 461.
    9. Duca, John V. & Rosenthal, Stuart S., 1994. "Borrowing constraints and access to owner-occupied housing," Regional Science and Urban Economics, Elsevier, vol. 24(3), pages 301-322, June.
    10. Goodman, Allen C. & Thibodeau, Thomas G., 2008. "Where are the speculative bubbles in US housing markets?," Journal of Housing Economics, Elsevier, vol. 17(2), pages 117-137, June.
    11. John V. Duca, 2013. "Nationally, Housing Recovery Finally Gains Traction," Annual Report, Federal Reserve Bank of Dallas.
    12. John V. Duca & David Luttrell & Anthony Murphy, 2011. "When will the U.S. housing market stabilize?," Economic Letter, Federal Reserve Bank of Dallas, vol. 6(august).
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