General World News

Housing completion data is now savagely unhealthy

Housing construction in the U.S. during the brief COVID-19 recession, to that recovery, and now in the new housing recession, is going to go down in history as one of those crazy data lines we lived through. Just to give you some perspective here, at the peak of 2005, we had about 2.24 million housing completions in the monthly report. Today, even with over a decade of building growth, we are at 1.342 million.

The latest Census report shows that in August, privately owned housing completions were 5.4% below the revised July estimate of 1.419 million, but 3.1% details ⇒

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