11 September 2019

Housing and Housing Finance - A Review of the Links to Economic Development and Poverty Reduction

Written by Asian Development Bank
Developed by Asian Development Bank
11 September 2019
This paper provides a review of the literature that links housing, housing finance, and economic development. The housing sector may support poverty reduction and inclusive growth in two general ways. First, housing construction contributes to economic output, creates employment, and generates a demand for materials and related services. Second, improved housing raises the standard of living of occupants. At the same time, housing purchases are costly for individuals, constituting the most valuable asset owned by most households and often requiring housing finance.