- Several gauges of housing market activity mirror trends seen just before the bubble burst in 2008.
- Experts see the current boom as far safer than the prior rally, citing stronger lending requirements.
- Still, here are trends ranging from home prices to construction activity that resemble 2005 and 2006.
- See more stories on Insider’s business page.
Housing-market monitors keep repeating the phrase “since 2005,” except when it’s “since 2006.” That’s worrying – both superlatives refer back to the peak of a historic real-estate bubble.
Low mortgage rates and massive demand have powered a supercharged rally for US housing over the last year. Americans snapped up nearly all the available supply of new and previously owned homes amid huge population shifts from cities to suburbs. Chronic underbuilding after the financial crisis left contractors…