This chart surprised me. It shows that housing starts per million people fell starting in 2005. This information is from US Census Data. Our slowdown came later than others places and luckily we haven’t fallen as hard. Las Vegas started having troubles in 2006 if I recall correctly. One buyer sued the builder because just after he bought the builder dropped prices 25%. Ouch.
With the lowest in housing starts based on population in 50 years this may allow us to recover more quickly. The dips in the 1980’s came after our high interest rates and the other most recent was after the first Gulf War.
Chart via 360data.org
Housing Starts
