Even with nearly free real mortgage rates, both single and multifamily housing starts are only back to recession levels of the 1970s and 1980s when mortgage rates were 16%.
Chart of The Day – Housing Starts Recover Back to 1982 Recession Level
Even with nearly free real mortgage rates, both single and multifamily housing starts are only back to recession levels of the 1970s and 1980s when mortgage rates were 16%.