Are housing starts down? The article included this graph[1] that shows starts taking a brief dip in Q1 of last year, but bouncing back to above pre-pandemic but

Are housing starts down? The article included this graph[1] that shows starts taking a brief dip in Q1 of last year, but bouncing back to above pre-pandemic but not pre-2008 levels. Anecdotally, I see plenty of new construction going up in our town, I assume mostly on the basis of low interest rates since the prices they're selling for definitely aren't low. I've heard the same from a realtor friend in a larger city, saying that builders are signing plenty of contracts, and are even telling people there's no guaranteed delivery date as part of the deal. [1] https://cdn.vox-cdn.com/uploads/chorus_asset/file/22481706/New_housing_starts_2000_to_2021.png https://cdn.vox-cdn.com/uploads/chorus_asset/file/22481706/N...