The main reason for the housing boom was a massive imbalance between supply and demand: too much money chasing too few properties.
Financial and business terms. 2012.
housing — hous‧ing [ˈhaʊzɪŋ] noun 1. [uncountable] PROPERTY the houses or conditions that people live in: • the link between poor housing and health • The smartest new housing developments in Malaysia often come with golf courses attached. • Falling prices … Financial and business terms
boom — ▪ I. boom boom 1 [buːm] noun [countable, uncountable] 1. ECONOMICS a time when business activity increases rapidly, so that the demand for goods increases, prices and wages go up, and unemployment falls: • a boom in the building sector • After… … Financial and business terms
housing — noun ADJECTIVE ▪ affordable, cheap, good, low cost, low income (esp. AmE) ▪ They provide good low cost housing for workers. ▪ subsidized (esp. AmE) … Collocations dictionary
housing market — The housing market is characterized by the relatively high cost of buying and renting; one of the highest levels of home ownership in the European Union; the small proportion of housing for rent; and the large proportion of second and vacant… … Encyclopedia of contemporary Spanish culture
boom — {{Roman}}I.{{/Roman}} noun 1 period of sudden increase ADJECTIVE ▪ great ▪ post war ▪ consumer, credit, economic, inflationary, investment … Collocations dictionary
boom — boom1 S3 [bu:m] n ▬▬▬▬▬▬▬ 1¦(increase in business)¦ 2¦(when something is popular)¦ 3¦(sound)¦ 4¦(boat)¦ 5¦(long pole)¦ 6¦(on a river/harbour)¦ ▬▬▬▬▬▬▬ [Sense: 1 3; Date: 1400 1500; Origin: BOOM2] [ … Dictionary of contemporary English
boom — [[t]bu͟ːm[/t]] ♦♦♦ booms, booming, boomed 1) N COUNT: usu sing If there is a boom in the economy, there is an increase in economic activity, for example in the amount of things that are being bought and sold. An economic boom followed, especially … English dictionary
boom — I UK [buːm] / US [bum] noun Word forms boom : singular boom plural booms ** 1) a) [countable/uncountable] economics a sudden major increase in trade, profits etc in a particular country or region the economic boom of the 1980s boom years b)… … English dictionary
boom — boom1 [ bum ] noun ** ▸ 1 economic increase ▸ 2 increase in popularity ▸ 3 deep loud sound ▸ 4 long pole ▸ 5 for blocking river 1. ) count or uncount a sudden major increase in trade, profits, etc. in a particular country or region: the economic… … Usage of the words and phrases in modern English
boom — 1 noun 1 (singular) INCREASE IN BUSINESS a rapid increase of business activity (+ in): a sudden boom in the housing market | consumer/investment/property etc boom: the post war property boom | boom years/times: These are boom times for voluntary… … Longman dictionary of contemporary English
