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Housing's Role in the Slow Recovery

Author

Listed:
  • Burcu Eyigungor

Abstract

Why did homebuilding recover so slowly after the Great Recession? Burcu Eyigungor examines some unusual supply and demand factors during the boom and bust and explores why home construction is so important to economic recoveries.

Suggested Citation

  • Burcu Eyigungor, 2016. "Housing's Role in the Slow Recovery," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 1(2), pages 1-6, April.
    • Handle: RePEc:fip:fedpei:00004
    as

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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/economic-insights/2016/q2/eiq216_housings_role.pdf
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    References listed on IDEAS

    as
    1. Kydland, Finn & Rupert, Peter & Sustek, Roman, 2012. "Housing Dynamics over the Business Cycle," University of California at Santa Barbara, Economics Working Paper Series qt7bn5k73m, Department of Economics, UC Santa Barbara.
    2. Morris A. Davis, 2010. "housing and the business cycle," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
    3. Edward E. Leamer, 2007. "Housing is the business cycle," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 149-233.
    4. Satyajit Chatterjee & Burcu Eyigungor, 2015. "A Quantitative Analysis of the US Housing and Mortgage Markets and the Foreclosure Crisis," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(2), pages 165-184, April.
    5. Gervais, Martin, 2002. "Housing taxation and capital accumulation," Journal of Monetary Economics, Elsevier, vol. 49(7), pages 1461-1489, October.
    6. Greg Kaplan, 2012. "Moving Back Home: Insurance against Labor Market Risk," Journal of Political Economy, University of Chicago Press, vol. 120(3), pages 446-512.
    7. Kyle F. Herkenhoff & Lee E. Ohanian, 2012. "Foreclosure delay and U.S. unemployment," Working Papers 2012-017, Federal Reserve Bank of St. Louis.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. James DiSalvo & Ryan Johnston, 2016. "Banking Trends: The Growing Role of CRE Lending," Banking Trends, Federal Reserve Bank of Philadelphia, issue Q3, pages 15-21.

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