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FastFact: Housing Remains in Rebound
October 5,
2015 by in Economic News, Industry 
The bubble burst on the housing market in 2007, signaling the start of what the International Monetary Fund called the worst global recession since World War II.
While sales of existing homes is an obvious place to see the devastating effects the recession had on housing, other aspects of the market were hit just as hard.
The number of housing projects that were started as well as the sales of new homes both took serious hits during the recession, with housing starts plummeting 58.7 percent by 2009, and new home sales sliding further and longer, bottoming out down 67.3 percent in 2011.
But the news isn’t all bad, and the industry is steadily growing again. New home sales have picked up more than two thirds of their losses as of Q2 2015 and project starts are up 91.5 percent over their 2007 low.
You can read the full FastFact online.