April 3, 2017
Press Briefing on Household Debt
Federal Reserve Bank of New York
In April, the New York Fed hosted an economic briefing on household borrowing, student debt trends and home ownership.
Many headlines today are alluding to the potential for oversupply in multifamily due to new starts over the next year+. However, many of the projects under construction or in the planning phases may get shelved because the ability to get financing and equity in place is much more difficult in this higher debt cost environment. With an uncertain economic outlook, increased costs of construction and...
In April, the New York Fed hosted an economic briefing on household borrowing, student debt trends and home ownership.
Despite a rebounding economy and recent job growth, the largest generation of Americans are still living at home with their parents at historically high rates, a trend driven by a variety of factors.
The State of the Nation’s Housing report covers, among other things, the state of the rental and homeownership markets, key economic and demographic trends driving housing demand, and ongoing housing affordability issues.