It's even more striking if you adjust for population: https://research.stlouisfed.org/fred2/graph/fredgraph.png?g=45EC https://research.stlouisfed.org/fred2/gr

It's even more striking if you adjust for population: https://research.stlouisfed.org/fred2/graph/fredgraph.png?g=45EC https://research.stlouisfed.org/fred2/graph/fredgraph.png?g=... That's just a quick look of housing starts / population but we've steadily been building fewer houses and the whole thing fell of a cliff during the financial crisis. Even in the recovery, we're off the chart.