WASHINGTON - June 27 - A new report by economist Dean Baker describes the key economic indicators that signal the state of the housing market. "Is the Housing Bubble Collapsing? 10 Economic Indicators to Watch" provides an up-to-date analysis of the available data sources and their uses and limitations.
To read the report, see: http://www.cepr.net/publications/housing_indicators_2006_06.pdf
"The housing bubble appears to have passed its peak. These economic indicators will provide signals as to the speed and size of the collapse of the housing bubble," said Baker.
The 11-page report provides information about the following data sources:
- New Home Sales
- Existing Homes Sales
- Mortgage Applications
- House Price Index|
- Vacancy Rates
- Consumer Price Index: Rental Components
- Housing Starts
- Residential Construction
- Residential Investment
- Industry Employment
Dean Baker is a macroeconomist and co-director of the Center for Economic and Policy Research in Washington, D.C. His July 2005 issue brief, "The Housing Bubble Fact Sheet" is available at: http://www.cepr.net/publications/housing_fact_2005_07.pdf