Link to The National Homeownership Strategy Survey for those who may like to participate in this short, 4 question poll.


I have been actively researching The Housing Bubble since 1995 and until several weeks ago had never heard of The National Homeownership Strategy (NHS).  My thesis is that most Americans are equally unaware of this transformational public policy initiative or its economic effect. 

The NHS Survey was posted on this blog and emailed to several dozen individuals.  The emailed recipients were all college graduates who pay attention to economic and political news.  They included doctors, lawyers, MBAs and housing market experts.  Almost all have been or are presently home owners.  I regard the pool of recipients to be well versed in politics, public policy, current events and housing related issues.

The results as of March 11th are as follows:





1.  Less than 30% of respondents have heard of The National Homeownership Strategy.

2.  25% have heard of the NHS and know what it is.

3.  18% claim to know the stated goal of the NHS.

4.  11% report they know whether or not the stated objective was achieved. 
 
 
The stated goal of the NHS was to elevate the U.S. homeownership rate to a record high of 67.5% by year-end 2000 from the stable value of 63.8% in 1994.  Within 10 quarters of implementation the homeowernership rate expanded to exceed the previous record value of 65.8%.  The NHS achieved its stated goal precisely on schedule, but the forces which it unleashed caused home prices to appreciate unsustainably and ownership rates to continue to rise in a linear fashion throughout the entirety of The Housing Bubble.

Link to article entitled "Origin of the Housing Bubble: The National Homeownership Strategy"