[20210503]IF11327_美国经济简介：住房市场.pdf

https:/crsreports.congress.gov Updated May 3, 2021Introduction to U.S. Economy: Housing MarketThe Housing Market Real estate and the housing market play an important role in the U.S. economy. At the individual level, roughly 65% of occupied housing units are owner occupied, homes are often a substantial source of household wealth in the United States, and housing construction provides widespread employment. At the aggregate level, housing accounts for a significant portion of all economic activity, and changes in the housing market can have broader effects on the economy. Household Net Worth Purchasing a home is often one of the largest investments individuals make. Home ownership accounts for a significant portion of households net worth in the United States. As of October 2020, owner-occupied real estate accounted for slightly more than a quarter of households net worth, according to Federal Reserve data. The share of households net worth arising from their home has been relatively stable over the past several years, after declining significantly following the 2007-2009 recession. Employment Residential construction is a significant industry in the United States, and it employs