Covid Era Impacts on Working from Home and Housing Market Impacts

By Jing Fu
NAHB – Eye on Housing
September 22, 2022
Category: Finance & Economics
Region: United States

While the COVID-19 pandemic has triggered many social and economic disruptions, it has also changed working arrangements and has accelerated the shift to work from home (WFH). During the COVID-19 outbreak in the early of 2020, many businesses across the United States closed and millions of workers experienced the work from home trend out of necessity. This sudden and massive work from home experiment generated major lifestyle changes for workers, homeowners, business owners, and our communities. A new NBER working paper, “Working from Home Around the World,” provides some insight into the big shift to WFH and discusses implications for workers, organizations, cities, and the pace of innovation. …It stated that full WFH days averaged 1.5 days per week across 27 countries. …While “the big shift to WFH presents challenges for dense urban centers,” it also enabled homebuyers to relocate to low-density areas that have higher housing affordability conditions.

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