flexiblefullpage - default
Currently Reading

Housing Not Expected to Impact the Next Recession

Housing Not Expected to Impact the Next Recession

The consensus among leading economists is that the next recession is unlikely to be triggered by the housing market

September 14, 2017
New home for sale

Most economists say that a recession is not looming, and that even when it does occur, the housing market will stand apart from it.

Zillow polled more than 100 leading economists to gauge the state of housing and the economy. The sentiment is that an economic downturn is extremely unlikely for 2017, and fairly unlikely for 2018. The consensus is that the next recession is unlikely to be triggered by the housing market, and that a recession will only have a moderate impact on housing.

The leading predictions for the cause of the next recession include geopolitical crises, monetary policy, or a stock market correction.

Economists also say that, compared to last decade when housing did play a role in the recession, borrowers are not overextended this time around. Regulations are stricter, and buyers no longer have easy access to financing. Zillow says that there is no nationwide housing bubble to worry about.

Zillow reports that new home building is down compared to the early 2000s. While existing home sales have rebounded, new home sales are 41 percent below the early 2000s average.

Read more

Related Stories


Is the U.S. Officially in a Recession? Economists Weigh In

The National Bureau of Economic Research has yet to say the U.S. is in a recession, but consumers are acting as if it is

Housing Markets

Average Homebuyer Income Increased Considerably in 'Pandemic Boomtowns'

Remote workers moving to Boise, for example, have raised the average annual income of homebuyers by 24%, to $98,000


NAHB Chairman's Message: NAHB Poised to Help Builders as Economy Slows

Home builder confidence is declining in response to economic pressures, as well as ongoing labor shortages and supply chain bottlenecks. The National Association of Home Builders is doing all it can to help home builders as the economy softens

boombox1 -
native1 - default

More in Category

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.