Per Capita Housing Production in USA at Lowest Rate Since World War II

In the USA, annual production of new housing has declined dramatically since 2006.

The decline began more than two years before the near collapse of the financial system in September 2008.  By mid 2010, per capita production of new housing stood at levels not seen since the depths of the Great Depression in 1933 and in 1944 during World War II.

More recent data shows that per capita sales of new housing have declined further since 2008.

SAAR = Seasonally Adjusted Annual Rate

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2 thoughts on “Per Capita Housing Production in USA at Lowest Rate Since World War II

  1. Pike,

    i always thought you would be good in an academic environment, congrats! i wonder whether with the loss of wealth in 08 that the market will ever be very robust again? the boomers are tapped out and almost all in the “Golden Years”, so where is the beef?

    • I think it will turn out that it is a very mixed bag with the Boomers–many quite well off and many not. But the big news will Gen Y–a very large group. Most of them, a many as two thirds will ultimately be homeowners–more than you would think already are. They may delay a few years, but they will be into the market in a big way. Major demand in the form of new household formation will surface as soon as the current uncertainties are resolved.

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