OECD Policy Responses to Coronavirus (COVID-19)
This series compiles data, analysis and recommendations on a range of topics to address the health, economic and societal crisis, facilitate co-ordination, and contribute to the necessary global action when confronting this enormous collective challenge. Bringing together policy responses spanning a large range of topics, from health to education and taxes, it provides guidance on the short-term measures in affected sectors and a specific focus on the vulnerable sectors of society and the economy. The content also aims to provide analysis on the longer-term consequences and impacts, steering the way towards a strong, resilient, green and inclusive recovery with co-ordinated policy responses across countries.
Also available in: French, German, Portuguese, Spanish, Japanese
- ISSN: 27080676 (online)
- https://doi.org/10.1787/5b0fd8cd-en
Housing amid Covid-19: Policy responses and challenges
The COVID-19 pandemic has severely disrupted construction, made it difficult for many households to pay for shelter, and seriously hurt the housing sector. Governments have responded with a wide array of measures to protect tenants and mortgage-holders, as well as support builders and lenders. This note mobilises web-search data to shed new light on the impact of the crisis on the construction sector. It then takes stock of measures taken by governments and argues that some of the relief could, if not duly phased out as planned, create unintended inefficiencies and notably make housing supply less responsive to changes in demand and the evolving needs of society. The note concludes by building on recent empirical findings that stress the importance of gradually transitioning from immediate rescue measures to policy settings that can support the recovery and the development of efficient, inclusive and sustainable housing markets.
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