More than 50 months since the peak of residential building in 2006, the housing industry is...

|By:, SA News Editor

More than 50 months since the peak of residential building in 2006, the housing industry is building only about 30% of the homes it was building during the boom - 30 points worse than a similar stage of the recovery after the S&L crisis and the 1970s oil crisis. In fact, housing activity is at its lowest level since WW II.