The economic forces driving the global saving-investment balance have been becoming manifest over the past decade, so the steepness of the recent decline in long-term yields suggests that something more may have been at work over the past year. According to  1  Includes second homes that are not rented, vacant homes for sale, and vacant land.
4 The timeliness of the data, which are currently available through the fourth quarter of 2018, can provide valuable insights into how different types of households are faring over the business cycle.