3,882
edits
Housing Market: US: Difference between revisions
no edit summary
No edit summary |
|||
| Line 9: | Line 9: | ||
Also important to point out that is volumes that matter for real GDP accounting, not prices. Prices can matter indirectly through a wealth effect, but be a little skeptical about this. And that the sluggishness of price adjustments is what makes the volume cycle so extreme, and what makes housing so important in recessions. | Also important to point out that is volumes that matter for real GDP accounting, not prices. Prices can matter indirectly through a wealth effect, but be a little skeptical about this. And that the sluggishness of price adjustments is what makes the volume cycle so extreme, and what makes housing so important in recessions. | ||
== US Housing Shortage == | |||
== NAHB Index == | == NAHB Index == | ||