- By the end of 2010, new dwelling construction activity has fallen from the high of 102.4 attained in 2004 to the low of 15.3.
- Year on year, 2010 activity was down 56.8%. 2010 marks a decline of 80.7% on 5 years ago, 80.6% decline on 10 years ago, 56.4% decline on 15 years ago, 26.1% decline on 20 years ago, 8.5% rise on 25 years ago and 58% decline on 30 years ago.
- The only sustained decline period - other than current - was 1983-1996 period, when activity dropped from 35.2 in 1983 to the trough of 12.8 in 1988 - 4 years of decline and the cumulative drop of 63.6% (much more benign that the current drop of 85.1% to the end of 2010). The recovery in that contraction took over 13 years.
Here's the chart:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTiJ7f_kTyTjeULFI8T9bv9dLjMzQp30tAZeJAXzlVa8sNgFJpPvdm9JvQoEuc-1loneClSKVsB-3kLuAVtSs7or9Pvp9KtdzX0j9n8LCq48vs9YdZThz7df8u3qaBJUV00Wix1Y7p8Ndj/s280/Screen+shot+2011-07-09+at+21.21.30.png)
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