June 11, 2007

The State of the Nation's Housing 2007

Joint Center for Housing Studies

After setting records for home sales, single-family starts, and house price appreciation in 2005, housing markets abruptly reversed last year. In 2006, total home sales fell 10 percent, starts tumbled 13 percent, and nominal house price appreciation slowed to just a few percentage points. Suddenly, it was inventories of unsold vacant homes that set records and homes in foreclosure that were making the news…

The State of the Nation's Housing 2007
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Read More About: Housing Markets & Conditions, Homeownership, Rental Housing, Affordability