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Clock Winds Down on Homebuilding Parties in U.S. and Canada

November 29, 2021

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The vertical bars in Graph 1 tell the story of housing starts in the United States. The monthly numbers of actual groundbreakings in units are seasonally adjusted at an annual rate (SAAR). ‘Annualized’ means they are projected from a single month to 12 months.

Graph 1 for the U.S. homebuilding market shows that beginning in April of last year starts kept climbing in almost every subsequent period out to the end of 2020.

In 2021, however, the height of the vertical bars has stayed about the same. Only March’s 1.725 million units (SAAR) make much of an impression.

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