Jay Hancock's blog: Despite slump, we build 50,000 houses a month - Business news: Stock markets, banks and economic observations with columnist Jay Hancock

The Baltimore Sun > Business > Jay Hancock's blog

« Buffett: Raise taxes on the super rich | Main | Where Marylanders can mail-order for wine »

August 16, 2011

Despite slump, we build 50,000 houses a month

Given the terrible news about the economy, you could be excused for believing that home building has come to a halt. Far from it. Calculated Risk has the latest stats on housing starts, which show builders are still putting up residences at an annual rate of about 600,000. The collapse from 2 million homes being built annually a few years ago is traumatic, but I'm kind of amazed builders are able to find even this much demand.

Posted by Jay Hancock at 8:59 AM | Permalink | Comments (0)
Categories: The Great Recession

Post a comment

All comments must be approved by the blog author. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Name:

Email Address:

URL:

Remember personal info?

Comments:

Verification (needed to reduce spam):

About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.

Follow @jayhancock1 on Twitter