Publication | Housing in Kentucky Overview
Publication | Housing in Kentucky Overview
Traditionally, moving into a home is a symbol of personal independence, a source of pride, a first step to creating personal wealth, and a goal shared by many. Furthermore, economic growth and development is linked, as well to the housing market. New housing construction is often correlated with economic growth, and increased housing sale prices are another indication of the strength of the economy. As a community, a sufficient housing supply improves access to high-productivity jobs, drives potential employees to more productive places, and increases overall economic growth (Shoag, 2019). As home prices increase, homeowners enjoy a wealth effect leading to an increase in total personal consumption (Slacalek, 2009)...
Housing
