We have and are still struggling to get back to the same level of housing development we had around 2000 [1]. If we adjusted for housing starts per capita this

We have and are still struggling to get back to the same level of housing development we had around 2000 [1]. If we adjusted for housing starts per capita this would look even worse. Why? I don't know, but I'll hazard two guesses: - Financing requirements around development became much stricter after 2008. - Housing was once seen as a risk free, stable investment. 1. https://fred.stlouisfed.org/series/HOUST https://fred.stlouisfed.org/series/HOUST