Fed research examines supply-side changes in US housing market
A staff report, published on April 16 by the New York Federal Reserve, says changes to the supply side of the US housing market may have mitigated the scale of the subsequent housing crash. The steps taken were not, however, enough to prevent a housing bubble forming.
Authors Andrew Haughwout, Richard Peach, John Sporn and Joseph Tracy say there were considerable supply-side changes within the US housing market in the decade preceding the 2008 financial crisis.
The authors list: the
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