Thought Leadership On Building Better, Cheaper
And Faster Now In The Home Building Industry
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Executive Summary
Joint Center for Housing studies of Harvard university
Even as the worst housing market correction in more than 60 years appeared to turn a corner in 2009, the fallout from sharply lower home prices and high unemployment continued. By year's end, about one in seven homeowners owed more on their mortgages than their homes were worth, seriously delinquent loans were at record high, and foreclosures exceeded two million. Meanwhile, the share of households spending more than half their incomes on housing was poised to reach new heights as incomes slid. The strength of job growth is now key to how quickly loan distress subsides and how fully housing markets recover.
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Download The State Of The Nation's Housing 2010 |