The Boom and Bust of U.S. Housing Prices from Various Geographic Perspectives

October 25, 2017

This paper summarizes changes in housing prices during the recent U.S. boom and bust from various geographic perspectives. Nationally, the Standard & Poor’s/Case-Shiller house price index more than doubled in nominal terms during the boom and has fallen by roughly a third subsequently. During the boom, housing prices tended to rise much faster in metropolitan areas in the East and West Coast regions than in the country’s interior. After adjusting for inflation, 7 of 19 metropolitan areas have experienced real declines in housing prices from the start of the boom to the present.

Spotlight

Gilbane Building Company

Gilbane Building Company provides global integrated construction and facility management services. A family-owned organization with 140 years of experience and counting, our clients entrust us to deliver safe, quality projects that stand the test of time. Headquartered in Providence, Rhode Island, the company has more than 50 offices at home in the United States and abroad in Japan, Afghanistan, Ireland, and the UAE. We are steadfast advocates for our clients, our employees, and the communities in which we work. Through community involvement, sustainable business practices, and unwavering integrity, we are always striving to be better and to do better.

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Gilbane Building Company provides global integrated construction and facility management services. A family-owned organization with 140 years of experience and counting, our clients entrust us to deliver safe, quality projects that stand the test of time. Headquartered in Providence, Rhode Island, the company has more than 50 offices at home in the United States and abroad in Japan, Afghanistan, Ireland, and the UAE. We are steadfast advocates for our clients, our employees, and the communities in which we work. Through community involvement, sustainable business practices, and unwavering integrity, we are always striving to be better and to do better.

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