Skip to Main Content
U.S. Forest Service
Caring for the land and serving people

United States Department of Agriculture

Home > Search > Publication Information

  1. Share via EmailShare on FacebookShare on LinkedInShare on Twitter
    Dislike this pubLike this pub
    Author(s): Al Schuler
    Date: 2005
    Source: Structural Building Components Magazine 20-25
    Publication Series: Scientific Journal (JRNL)
    Station: Northeastern Research Station
    PDF: Download Publication  (692.6 KB)


    Since 2001, a combination of low mortgage rates and "boring" equity markets have helped to fuel record-setting home sales, contributing to substantial price increases in the U.S. and many other parts of the world (see Table 1). Economists are concerned about riskier mortgage financing and the increasing incidence of speculative demand in some regions. According to the National Association of Realtors (NAR), 23 percent of all home sales in 2004 were for investments (not owner occupied), and another 13 percent were bought as second homes. In this article, we will analyze housing bubbles - how they are defined, why they happen, and their implications for the economy. No one knows for sure if we are currently in the midst of a housing bubble (or boom), but we will provide you with some tools to analyze the situation.

    Publication Notes

    • Check the Northern Research Station web site to request a printed copy of this publication.
    • Our on-line publications are scanned and captured using Adobe Acrobat.
    • During the capture process some typographical errors may occur.
    • Please contact Sharon Hobrla, if you notice any errors which make this publication unusable.
    • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.


    Schuler, Al. 2005. Economic environment - housing bubbles: no national bubble, some regions vulnerable. Structural Building Components Magazine 20-25

    Related Search

    XML: View XML
Show More
Show Fewer
Jump to Top of Page