Houses are the largest "items" many people will ever spend on in their lifetime; the sheer size of the funds spent on them and the proportion of the financial system connected to housing construction and real estate make housing a dominant part of the economy.
Getting the policies to stimulate the demand and supply of housing right is one of the most portent ways to develop an economy. The sector provides employment for a host of professionals and perhaps even more importantly lower-skilled artisans; architects, mortgage providers, painters, carpenters, transporters, tillers, interior decorators etc.
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