Center for Economic Research and Forecastingtotal housing starts Archives - Center for Economic Research and Forecasting

Housing bottom? Not yet.

By Jeff Speakes
Friday Oct 7, 2011

Weakness in housing activity and housing prices continues to be a major drag on the overall economy. My colleagues at CERF have long maintained that the homeownership rate (HOR) needs to fall back to its historical norm of 64% before housing can recover. Their view has been that the attempt to increase the HOR by… Read more