The housing boom (cont.)

Matt Yglesias responded, sort of, to my comments (“Was there a housing boom? Yes.”) from yesterday, countering his curious assertion that there was no building boom in the mid-2000s, by conceding that there was a boom in construction employment after all. But he refuses to give up on the argument that there was no building boom. A few more words on this topic before laying it to rest. Yglesias graphs construction employment as a percentage of the civilian labor force with a line marking the average: Before proceeding, a little overview to… Read More