New construction dropped dramatically after the Great Recession, reducing the supply of new housing

Number of new privately owned housing projects started by property type, January 1990–May 2022

Hover over or click to see values.

Data are seasonally adjusted.

Chart: Center for American Progress Source: U.S. Census Bureau, "New Residential Construction Historical Data: Housing Units Started," available at https://www.census.gov/construction/nrc/historical_data/index.html (last accessed August 2022).