Housing
in sentence
1603 examples of Housing in a sentence
Although the IMF delivered some gloomily accurate figures about the likely cost of the US
housing
fiasco, it played almost no role in addressing the current crisis.
UN member states have acknowledged migration’s many benefits, including its role in stabilizing global labor markets, spreading knowledge and ideas, creating diasporas that spur increased trade and investment, and sustaining economies worldwide through remittances, which pay for family members’ health care, education, and
housing
back home.
BRUSSELS – The financial crisis that began in 2007 had its roots in excesses in the
housing
market that remained unresolved in 2010 – and that will continue to roil economies in 2011 and beyond.
But the way
housing
finance is organized differs enormously from country to country, and these differences explain the recent global imbalances and financial crashes.
In developed economies, construction can add only a relatively small amount each year to the existing stock of
housing.
With populations stagnating (or declining in many parts of Europe and Japan), the existing stock of
housing
is exchanged among different parts of the population, and typically bequeathed from old to young.
The situation is different in emerging economies, where the quantity and quality of the existing stock of
housing
is woefully inadequate.
Moreover, most of the existing
housing
tends to be in rural areas, whereas most of the jobs are in the cities.
The Chinese and others should, however, bear in mind that an increase in
housing
prices does not make a country richer.
But if the price of all
housing
goes up, the country as a whole is no better off; after all, people have to live somewhere, so, other things being equal, cashing in on higher house prices would merely mean paying more for one’s next home.
Housing
booms thus create only an illusion of wealth, though it is compelling enough to induce excessive consumption, as occurred in the United States over the last decade.
But Germans still own indirectly the houses they live in through their investments with life-insurance companies and savings societies, which own and manage a large proportion of the country’s
housing
estates.
This induces lenders to provide not only NINJA (no income, no job, no assets) mortgages, but also generous loans to real-estate developers to build ever larger mansions and
housing
estates.
Housing
booms can last a long time, typically more than a decade.
The downside is that
housing
busts last equally long, because houses are such a durable good.
The last decade saw the peak of an unprecedented
housing
boom in most of the rich world.
The result has not been investment in productive assets that boost employment in the US, as the Fed intended, but rather a run-up in global commodity prices and a growing bubble in the
housing
markets of the major emerging economies.
If Netanyahu thought that he had managed to take the steam out of the protests over high
housing
prices and falling living standards, he was proved wrong.
In addition to unhappiness with the
housing
shortage and the state of the economy (particularly the large budget deficit), their vote reflected the sense that radicals in Netanyahu’s coalition were carrying the country to the extreme right.
But we need to remind ourselves that
housing
investment accounts for about 30% of China’s total fixed investment, with much of the rest directed toward infrastructure – that is, long-term, durable public infrastructure investments– including subways, railways, highways, urban public facilities, and the national water system.
Employment in construction and related industries is collapsing, as Americans and foreigners recover from their fit of irrational exuberance over
housing
prices.
Less enthusiasm about
housing
means that manufacturing firms will no longer be squeezed when they seek capital to expand.
And if
housing
and mortgage security prices don’t just fall but collapse, everyone should remember that construction employment falls faster than employment in tradable goods can grow.
In Ireland and Spain, private savings collapsed, and a
housing
bubble fueled excessive consumption, while in Greece, Portugal, Cyprus, and Italy, it was excessive fiscal deficits that exacerbated external imbalances.
The resulting build-up of private and public debt in over-spending countries became unmanageable when
housing
bubbles burst (Ireland and Spain) and current-account deficits, fiscal gaps, or both became unsustainable throughout the eurozone's periphery.
But much of it has also gone toward sustaining money-losing public enterprises and endless investments in superfluous public facilities and
housing.
For example, 43% of people still lack access to basic sanitation facilities, and many of Asia’s cities, burdened by burgeoning populations, suffer from poor sanitation, deteriorating environmental conditions, and inadequate
housing
and infrastructure.
The “universal credit” program replaces six different welfare benefits – such as the child tax credit and the
housing
benefit – with one.
For example, the predecessor to the universal credit scheme, the Welfare Reform Act of 2012, created caps to local
housing
allowances and total benefits, and under-occupancy penalties.
Ireland and the UK both have
housing
shortages, especially around metropolitan centers such as Dublin and London.
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