Wednesday, December 29, 2010
50 billion of housing equity injections
Posted by David Smith at 09:40 AM
Category: Thoughts and responses

Nothing better illustrates the turnaround in the housing market than the numbers for housing equity withdrawal. Before the crisis, large sums were withdrawn from the housing market in the form of housing equity withdrawal, peaking at nearly 14 billion a quarter.

Though most of this was saved, it also contributed to spending. Since the second quarter of 2008 nearly 50 billion has been injected into the housing market as equity withdrawal has gone into reverse. At 6.1 billion in the latest quarter, 2.4% of post-tax income, there is no sign of the process slowing. More here.