[PDF][PDF] the State of the Nation's Housing
J Center, H STUDIES - 2004 - jchs.harvard.edu
J Center, H STUDIES
2004•jchs.harvard.eduDespite job losses in the rest of the economy, housing had another record-breaking year in
2003. Home sales, single-family housing starts, residential fixed investment,
homeownership rates, mortgage originations, refinances, and home prices all reached new
peaks. The only weak spots were the uneven rental market and the depressed
manufactured housing sector. This housing boom has been both longer and more broadly
based than previous expansions (Figure 1). Construction activity has remained strong in …
2003. Home sales, single-family housing starts, residential fixed investment,
homeownership rates, mortgage originations, refinances, and home prices all reached new
peaks. The only weak spots were the uneven rental market and the depressed
manufactured housing sector. This housing boom has been both longer and more broadly
based than previous expansions (Figure 1). Construction activity has remained strong in …
Executive Summary
Despite job losses in the rest of the economy, housing had another record-breaking year in 2003. Home sales, single-family housing starts, residential fixed investment, homeownership rates, mortgage originations, refinances, and home prices all reached new peaks. The only weak spots were the uneven rental market and the depressed manufactured housing sector.
This housing boom has been both longer and more broadly based than previous expansions (Figure 1). Construction activity has remained strong in most states and real house prices have climbed in nearly all metropolitan areas. Rents have increased in more areas than they have decreased, and industry indicators suggest that rents are stabilizing in some locations that have seen recent declines.
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