期刊名称：Federal Reserve Bank of St. Louis - Regional Economist
出版年度：2014
出版社：Federal Reserve Bank of St. Louis
摘要：A: There are changes in regard to how people view the purchase of a home. In the past, peo- ple had this idea that you should try to buy a house as soon as possible. People had this idea that the price of a house could only go up. Today, people don't want to rush such an important decision, perhaps because of the fear of a decline in prices. Young households, in particular, are more reluctant to get into housing. In general, homeownership might not be a value for young people in the long run; if so, its reputation as a safe investment may be dramatically changing. Indeed, the rate of homeownership in the U.S. fell in 2013 to a level not seen since the 1990s. (See top chart.) Another important effect is that the contribution of the construction sector to the rest of the economy is being reduced. This is more likely a short-term or medium-term effect. Construc- tion is not employing as many people as in the past 10 years (see bottom chart), and that has a broader impact on the economy than many people realize. People in the construction sector buy a lot of resources from other sectors. When construction is down, other sectors suffer, and the effects can be quite sizable and enduring
