Number of homes under construction continues to plunge

Last month, the number of single-family homes under construction dropped to 252,000 from 304,000 a year ago.

Donald Marron
This chart shows the number of homes under construction from 1970 through last month. The latest figure is about a quarter of what it was five years ago.

Wednesday’s housing data showed that the number of single-family homes under construction fell again in February.

Ten years ago, America’s home builders were in the midst of constructing 672,000 single-family homes. Five years ago, they were building 990,000 homes. Last year, they were building 304,000. And now that figure is down to 252,000.

Add/view comments on this post.


The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.

of stories this month > Get unlimited stories
You've read  of  free articles. Subscribe to continue.

Unlimited digital access $11/month.

Get unlimited Monitor journalism.