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Policy-makers have long understood the relationship between housing and the economy through the multiplier effects of housing investment on national income and employment. There has, in contrast, been little regard to the longer term productivity and growth impacts of housing. Housing advocates and policy-makers usually...
In the past, housing policy-makers have argued that housing is a social, rather than an economic, investment. However, problems with the housing market may be constraining national growth and imposing costs on the public purse (e.g. homelessness impacts on health budgets).
Published research suggests...