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Chart showing new housing construction starts since 1990 - Business Insider

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One chart shows how July's housing surge doesn't change the fact that America is still building fewer houses than it has in the past

in July, after a massive downturn earlier in the spring during the early days of the pandemic.

, it is still lower than historical levels. Before the pandemic even hit, housing starts were below figures reported in previous decades. The bubble of rising housing prices during the mid-aughts contributed to this increase in new homes being built at such high rates. The

 

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