The housing price boom prior to the 2008-2009 recession in the United States was fueled by all of the following except:

Question

Quizplus · Accepted Answer

Unusually large increases in building material costs did not contribute significantly to the housing price boom prior to the 2008-2009 recession. The boom was primarily fueled by lax lending standards, government policies promoting homeownership, and homebuyers' expectations of never-declining home prices.

The Housing Price Boom Prior to the 2008-2009 Recession in the United