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- Title
EFFECT OF STATE USURY LAWS ON HOUSING STARTS IN 1966.
- Authors
Strangways, Raymond; Yandle Jr., Bruce
- Abstract
The article presents an exploration into the economic conditions of the United States in 1966, particularly regarding the credit recession and the enactment of state usury laws limiting nominal mortgage interest rates. Questions are raised regarding the actual impact of such laws on the residential construction and mortgage industries due to corrections occurring within the effective yield rather than at the nominal level.
- Subjects
UNITED States; HOUSING starts; USURY laws; INTEREST rate ceilings; UNITED States economy, 1961-1971
- Publication
Journal of Financial & Quantitative Analysis, 1971, Vol 6, Issue 1, p665
- ISSN
0022-1090
- Publication type
Article
- DOI
10.2307/2330137