On the recordFebruary 10, 2016
The level of new construction of residential investment remains quite low relative to underlying demographic trends.
Source
congress.govThe level of new construction of residential investment remains quite low relative to underlying demographic trends.
Yellen notes low new construction levels in housing compared to demographic needs.
Share
More from Janet Yellen
We certainly have proposed extending the Child Tax Credit, which was immensely helpful, and we are supportive of the legislation that has gone through the House.
The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.