Posted here Tuesday, September 21, 2004 at 10:48:55 AM
US population growing at 3.2 million per year.
(http://www.npg.org/popfacts.htm
and we have http://biz.yahoo.com/ap/040921/economy_6.html
Housing Construction Highest in 5 Months Tuesday September 21, 10:50 am ET By Jeannine Aversa, Associated Press Writer
Housing Construction Climbs in August to Highest Level Since March, a Sign of Economic Expansion
WASHINGTON (AP) -- Housing construction in August surged to its highest level in five months, a dose of encouraging news for the economy's expansion.
The number of housing projects launched by builders clocked in at a seasonally adjusted annual rate of 2 million units, a 0.6 percent increase from July's level, the Commerce Department reported Tuesday.
That means about one new house for every new 1.6 people. That is, we are keeping up.
Builders in the Northeast broke ground on 196,000 units, on an annualized basis, last month, a 6.5 percent increase from July's level. In the Midwest, housing construction rose by 4.8 percent to a rate of 370,000. In the South, housing starts went up by 1 percent to a pace of 907,000. But in the West, housing construction dropped by 4.7 percent to a pace of 527,000.
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