On This PageVol. 30, No. 3

The great turn-of-the-century housing boom
Last Updated: 07/27/06
In the last ten years, residential investment as a share of gross domestic product (GDP) has reached levels not seen since the 1950s. At the same time, the homeownership rate has climbed to levels never before achieved. This article discusses the forces underlying these developments and argues that they are connected.