Housing investment and the user cost of housing in the euro area
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Tuesday, April 23, 2024
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Furthermore, we use an empirical model to relate the level of housing investment to the user cost of housing.
Key Points:
- Furthermore, we use an empirical model to relate the level of housing investment to the user cost of housing.
- This highlights the possibility of further weakness in euro area housing investment, which could persist for some time if there is no significant decline in the user cost of housing.