smartplandesign:

The construction boom of the 2000s often cited as the reason for the boom in housing prices doesn’t break precedent—or break records. At a time when U.S. population growth was slower, the 1970s saw two housing booms that produced more housing starts than the 2000s. The high points and low points of new housing starts over the last 30 years (listed in thousands) reveal a not-especially remarkable boom in housing construction in the mid-’00s, followed by a severe and prolonged bust.
For the full article from which this graphic is taken, visit the Architect Magazine website for the Matthew Yglesias article “Fables of the Reconstruction”

smartplandesign:

The construction boom of the 2000s often cited as the reason for the boom in housing prices doesn’t break precedent—or break records. At a time when U.S. population growth was slower, the 1970s saw two housing booms that produced more housing starts than the 2000s. The high points and low points of new housing starts over the last 30 years (listed in thousands) reveal a not-especially remarkable boom in housing construction in the mid-’00s, followed by a severe and prolonged bust.

For the full article from which this graphic is taken, visit the Architect Magazine website for the Matthew Yglesias article “Fables of the Reconstruction”

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