Falling Oil Prices: Good or Bad for Home Builders?

January 23, 2015

According to the Wall Street Journal, economists differ on how falling oil prices affect the housing industry.

 

Some economists believe that housing starts will pick up, as falling oil prices can indirectly affect how delayed first-time buyers can finally purchase a home. Other economists expect a decline in construction, especially in oil-dependent markets such as Texas. This will cause a disproportionate impact on home builders because Texas makes up a sizeable portion of their business.

 

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