Housing
in sentence
1603 examples of Housing in a sentence
A
housing
boom in a nation of renters might actually lead to lower aggregate consumption.
Indeed, US military spending exceeds the sum of federal budgetary outlays for education, agriculture, climate change, environmental protection, ocean protection, energy systems, homeland security, low-income housing, national parks and national land management, the judicial system, international development, diplomatic operations, highways, public transport, veterans affairs, space exploration and science, civilian research and development, civil engineering for waterways, dams, bridges, sewerage and waste treatment, community development, and many other areas.
When US
housing
prices fell, some of these players should have gone bankrupt.
In the last boom, construction jobs expanded significantly, with investment in
housing
as a share of GDP increasing by 50% from 1997 to 2006.
It is hard to believe that any increase in aggregate demand will boost the
housing
market – which, remember, was buoyed by visions of steady price appreciation that few seem likely to hold today – sufficiently to re-employ all these workers.
Policymakers should remember that the
housing
boom was fueled by easy monetary policy, which sought to expand job growth as the US recovered from the last recession.
Moreover, beyond the
housing
market, excessive borrowing by financial institutions and some segments of the corporate and public sectors occurred in many economies.
As a result, a
housing
bubble, a mortgage bubble, an equity bubble, a bond bubble, a credit bubble, a commodity bubble, a private equity bubble, and a hedge funds bubble are all now bursting simultaneously.
In countries like Italy, already suffering from Chinese competition, and Spain, which is experiencing a massive
housing
bust, the pain will be excruciating.
The government, Milton Friedman and others argued, told the poor: make more money and we will take away your free housing, food stamps, and income support.
It is an argument for temporary transfers to countries like Spain, which balanced its budgets prior to the crisis but then was hit by the
housing
slump and recession.
Women’s advocacy has also shaped a new approach to poverty alleviation in Morocco, in the form of the National Initiative for Human Development, which integrates efforts to improve education with better sanitation and
housing.
If too many lifelong inhabitants are driven out by rising
housing
prices, the city itself suffers from a loss of identity and even culture.
This year’s survey, which covered 92 cities in nine countries, showed that, as of late 2016, Hong Kong had the least affordable housing, with a price-to-income ratio of 18.1.
Next come London and Toronto – at 8.5 and 7.7, respectively – where
housing
is extremely expensive, but incomes are also high.
In many cases, the answer appears to be related to barriers to
housing
construction.
A huge dose of moderate-income
housing
construction would have a major impact on affordability.
The rise in
housing
prices, relative to income, is unlikely to be sudden, not least because speculators, anticipating the change, may bid up prices in advance.
But this tendency can be mitigated, if civil society recognizes the importance of preserving lower-income
housing.
In his recent book The New Urban Crisis, the University of Toronto’s Richard Florida decries this phenomenon, comparing opponents of
housing
construction to the early-nineteenth-century Luddites, who smashed the mechanical looms that were taking their weaving jobs.
Smaller firms are gradually recuperating; banks have rebuilt their capital cushions and reduced their dubious assets; the
housing
sector has stabilized; and a growing number of households are reestablishing healthier balance sheets, especially as employment gradually picks up.
Even with a significant increase in tax revenue, such a high basic income would have to be packaged with gradual reductions in some existing public spending – for example, on unemployment benefits, education, health, transportation, and
housing
– to be fiscally feasible.
And, while the
housing
market shows some signs of stabilizing, prices will remain weighed down by the large shadow inventory of homes in foreclosure and held by banks.
I am more pessimistic than institutions like the World Bank and International Monetary Fund, which anticipate Chinese growth in 2012 of 8.5-9% – forecasts that do not take into account the sharp cooling of China’s
housing
market.
Although weakening
housing
demand has not yet shown up in lower prices, the volume of transactions has fallen off dramatically.
Countries can learn from one another how to achieve inclusive growth when addressing issues like unemployment, falling wages, housing, and health care.
The Instability of InequalityNEW YORK – This year has witnessed a global wave of social and political turmoil and instability, with masses of people pouring into the real and virtual streets: the Arab Spring; riots in London;Israel’s middle-class protests against high
housing
prices and an inflationary squeeze on living standards; protesting Chilean students; the destruction in Germany of the expensive cars of “fat cats”;India’s movement against corruption; mounting unhappiness with corruption and inequality in China; and now the “Occupy Wall Street” movement in New York and across the United States.
Many international observers have been worried about the country’s oversupply of
housing
and the related credit boom, making me wonder whether I have been overly sanguine about these risks.
To be sure, the
housing
market is in the doldrums.
Such a low national saving rate would not be sufficient to finance the level of new investment in plant, equipment, and
housing
that the country needs.
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