The balance sheet of households with real estate in the U.S. is continuing to improve, as home prices continue to increase across the nation. A new report from the National Association of Homebuilders highlights how these improvements, along with further improvements to the job market, could release pent-up housing demand.
The real estate equity position of U.S. households (the difference between assets and liabilities) increased nearly 2.4% for the quarter, according to NAHB tabulations of the fourth quarter Federal Reserve Flow of Funds.
The improvement in the balance sheet of U.S. households means fewer underwater homeowners, thereby unlocking housing supply and demand.
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