The housing market has recently staged a smart recovery from a severe and prolonged slump. Since cyclical swings are an ever-recurring feature of our economy, another housing recession may be around the corner as this is written. But the housing industry has come to be inured to the vicissitudes of cycles and can be expected to cope with the pains of a downturn, as it did so often in the past.
KeywordsHousing Market Housing Unit Housing Demand Household Formation Residential Real Estate
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