national new home constuction

Always in the year of first upward movement from a decline you see what appears to outsized gains in a percentages rise, and that is what you see in permits, in sales, and the total of single family combined with multifamily permits, yet to give a little perspective, on a national basis it is estimated that we destroy about 200,000 housing units a year, so the net effect is an increase of 694,000 housing units added to supply. When you think about the drop still between 70 to 60% from the peak  and  35 to 43% from the fifty year average total performance of the new housing construction is still less than sterling. Another perspective would be to compare it to  your income, if in your peak your before the recession/economic event  your earned $100,000 a year and now seven years later you would be earning between  $30,000 to $40,000 today.

The thought to ponder………. If your income performance was similar the new construction housing would think you had recovered from the recession?