A recent post in NPR’s Planet Money blog talked about how construction is up this year compared to last year — but that’s misleading because last year was so incredibly low. I made a similar point myself in a blog earlier this year, talking about housing sales in the Triangle. This year can’t help but be up! The Planet Money blog contained a link to a graph that shows construction back to the 70’s. Check it out below. It turns out that new home construction in 2009 was lower than ANY year since 1975, and 2010 is still lower than any year except during the recession of 1981-83.
Kind of puts things in perspective: Better than last year? Absolutely! Returning to normal levels? Not yet.
ADVENTURES IN REAL ESTATE 
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