Abstract
Research background: The housing and construction markets are one of the main segments of the economy of any country. Solving several social and economic problems of the state, it is required to ensure the efficient operation of these markets. The leading economy in the world is the US economy. The tools and mechanisms used in the American market have been adapted in other countries as well. The main questions facing market participants are securing funding. Moreover, financing should be so efficiently established that the maximum number of entities will be able to use it to implement their tasks. Purpose of the article: Within the framework of this study, a list of instruments for financing the construction of residential real estate was identified, which can be successfully adapted in the Russian economy in the context of globalization and taking into account the consequences that occur as a result of various crises. Methods: The research used methods of analysis and synthesis, statistical analysis, modeling, logical analogy and generalization of results. Findings & Value added: The results of the study showed that the American system of financing the construction of residential real estate is differentiated. The subject composition of markets allows us to solve every problem that appears in the process of functioning of the markets. The insurance system is well-functioning. The presence of a system of guarantees further protects the rights of market participants. Thus, analyzing the possibilities of adapting the American experience in Russian practice, it was determined that the development of the mortgage segment and the introduction of a guarantee system would be effective.
Highlights
Introduction and literature reviewThe housing problem is relevant for most countries and the United States is no exception
The analysis identified the need to analyze the subject composition of US housing markets and determine their role in financing the facilities of these markets
The analysis showed that the main housing finance tool in the US is a mortgage loan
Summary
Introduction and literature reviewThe housing problem is relevant for most countries and the United States is no exception. Being the leading economy of the world, one way or another, the housing market is faced with the fact that it is necessary to formulate financing instruments that will ensure the effective construction of housing market facilities This determines the relevance of the study. Already in 2016, the volume of the mortgage market amounted to 77% of the country's GDP This indicator is lower than in the pre-crisis period. We can say that despite the global crisis, the US funding system is quickly returning to pre-crisis levels This indicates that for the Russian practice of financing the construction of housing market objects, it is advisable to pay closer attention to the experience of the United States
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