Normal Homeownership Levels Could Have Added $300 Billion To The Economy

Printer-friendly version
March 28, 2017

The super-low homeownership rate has been really costly.

CNBC reports that a return to more normal homeownership levels could have added 1.8 percent growth, or $300 billion, to the economy in 2016, according to a study from the Rosen Consulting Group.

Last year, the homeownership rate hovered around 63 percent, the lowest in 50 years. Even though 7.5 million new households have been formed in the last 10 years, CNBC notes that there were still one million more households in 2006 than in 2016.

President Donald Trump "can get the 3 percent-plus growth he needs by just moving back the regulatory environment and giving a safe harbor for those lenders in the marketplace," said Ken Rosen, chairman of Rosen Consulting. "I think it's something that can be done by changing regulations rather than a bill in Congress."

Read more

Comments on: "Normal Homeownership Levels Could Have Added $300 Billion To The Economy"

July 2017

This Month in Professional Builder

Products
Features

Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init