The document discusses trends in US household formation and bank mortgage lending standards. It highlights a fluctuating trend in household formation with a significant dip around March 2000. The document also covers the tightening of bank mortgage lending standards, influenced by regulatory measures such as the Qualified Mortgage and Ability to Repay standards. It notes that while the economy and labor market are improving, credit availability remains a constraint, potentially limiting housing growth to prevent future downturns.
doj/DataSet10/EFTA01385947.pdf
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