...Impact of the deterioration of the housing market on the economy “Why the housing market is still holding up the economy” – New York Times/result – 24 April 2014 by Neil IrwinIntroductionNeil's main focus Irwin's article talks about an economy that is deteriorating very quickly and seems to be at a standstill and all of this can be blamed on one thing, the slow housing market. Although large cities experience fairly good housing demand, the same cannot be said for their counterparts whose housing developments are not influenced by businesses but rather by their demographics. Analysis of mortgage applications since the end of World War II reveals a promising increase and a rush to acquire homes. On the contrary, this increase has led to a decline in the acquisition of mortgage loans since 2009 and subsequent years and has recently led to the collapse of house market prices and the boom which has gradually diminished. Unlike in past years, adults are reluctant to leave their homes. houses due to rising property prices. The analysis shows that currently adults under the age of thirty-four prefer to stay in their parents' house or even rent apartments, as opposed to what was previously the norm where adults wanted to build houses individuals between twenty and twenty-four years old. This trend is reflected in the current demand for housing projects as developers say there is an increased demand for apartment construction, which, when considering its benefits to the economy, is meniscal. Employment rates are at a ratio of 3:1, with apartment building employing 1.8% of the workforce compared to ALL SUBJECT (WRITER'S CHOICE)3 house building individual that employs 3.8% of the workforce (Voss, 20...... middle of paper ... reproduced in today's America and soon they will say that their savings are enough to buy houses and giving them the comfort of leaving their parents' house to lead an independent life If this happens, there will be an increase in the demand for labor to build the housing to occupy leads to employment opportunities and. rising market prices for homes. This will be a significant boost to the deteriorating United States economy. Eventually, we as a nation will even fall. , will have a better economy than it is today Even though, as a nation, our economy is struggling, forecasts for the next two years will only be achievable ON ANY SUBJECT (CHOICE OF L). 'WRITER)8 if there is a change in people's life trends. American adults. A change in this trend will lead to low levels of unemployment and growth in the economy..