Economics

Births at 11-Year Low May Prolong Five-Year Housing Slump

Lock
This article is for subscribers only.

Frances Janisch had a daughter five years ago. Now she and her husband may not have a second child because income from their photography business in New York City is erratic.

“I always imagined I would have two, so it bothers me that I don’t,” said Janisch, 41, who grew up with a large extended family in South Africa. “It has everything to do with economics.”