Last year home builders started construction on 947,200 single-family homes. In 2000, what would the number of new housing permits been? 1.6 million.
Fast forward from the year 2000, to 4 years later…
Looking at back-to-back years 20 years ago – 2004 and 2005 – housing permits obtained for privately owned homes topped 2 million each year. 2004 was the first year that permits obtained for privately owned homes exceeded 2 million. The trajectory of new home builds in the United States had been on an upward swing, twenty years ago.
Last year home builders started construction on 947,200 single-family homes.
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