- François Dupuis, Vice-President and Chief Economist • Mathieu D’Anjou, Deputy Chief Economist • Francis Généreux, Senior Economist
Economic Viewpoint
The Drop in Interest Rates Is Beginning to Stimulate the U.S. Housing Market
September 17, 2019
The U.S. housing market went through a rough patch in 2018 as the hike in interest rates caused residential construction and resales to decline. Since mortgage rates fell, some indicators have noticeably improved. With several risks clouding the U.S. economic situation, is it possible to feel confident about the U.S. housing market? As long as rates stay low, some optimism is possible, but this market is still fragile and its contribution to real GDP will remain modest.
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