June 10, 1999

The State of the Nation's Housing 1999

Joint Center for Housing Studies

Housing had another record-setting year in 1998. Home sales reached new peaks, housing starts topped 1.6 million units, and the value of residential construction hit an alltime high. With effective mortgage interest rates and unemployment at their lowest levels since the 1960s, the national homeownership rate climbed to a record 66.3 percent last year…

Category: Reports

Read More About: Housing Markets & Conditions, Homeownership, Rental Housing, Affordability