Table 2

Amplitude of aggregate duration and growth for the reshaped HCs (1976–2019)

House pricesTransactions
Upturn: 6(p.c.) + 1(c.c.) + 2(c.c.)Downturn
3(c.c.) + 4(c.c.) + 5 (c.c)
Upturn
5(p.c.) + 6(p.c.) + 1(c.c.)
Downturn
2(c.c.) + 3(c.c.) + 4(c.c)
Reshaped HC Cycle 11976–19811982–1986 1976–19801981–1984
Duration (years)6554
Intensity of variation (%)16.0%−23.7%32.4%−37%
Reshaped HC Cycle 2 1987–1992 1993–1996 1985–19911992–1996
Duration (years)6475
Intensity of variation (%)54.1%−8.7%23%−5.3%
Reshaped HC Cycle 31997–20072008–2015 1997–2003 2004–2013
Duration (years)118710
Intensity of variation (%)37.5%−23.3%71.9%−52.9%
Average duration7.65.66.36.3
Average variation35.9%−18.6%42.4%−31.6%

Note(s): p.c. = previous cycle; c.c. = current cycle

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