How many new homes were built in the 1930s?

How many new homes were built in the 1930s?

• A. 3 million
• B. 1 million
• C. 6 million
• D. 2 million

Answer: (A)

Construction totals over a decade like the 1930s show how the economy and policy shaped housing output. In that era, about three million new homes were built, reflecting a sharp fall in construction at the start of the Depression followed by a gradual recovery as New Deal programs stimulated housing and mortgage credit. The other figures don’t fit the period: one or two million would understate the decade’s activity, while six million would imply far more building than occurred given the economic constraints and credit conditions of the time.

Construction totals over a decade like the 1930s show how the economy and policy shaped housing output. In that era, about three million new homes were built, reflecting a sharp fall in construction at the start of the Depression followed by a gradual recovery as New Deal programs stimulated housing and mortgage credit. The other figures don’t fit the period: one or two million would understate the decade’s activity, while six million would imply far more building than occurred given the economic constraints and credit conditions of the time.