Housing markets are a critical component of the economy. In most countries, the construction sector is a central element of business cycles and housing a cornerstone of financial markets evolutions. Large boom and burst cycles have historically been associated with large recessions and have forced authorities to closely monitor the evolution of prices, the risk of mortgage default of households and the collateral risk of financial institutions.

This section provides an overview of the main outcomes related to housing and macroeconomic resilience, and displays country specific performances across relevant housing finance indicators.