Although all major economic indicators showed the nation emerging from its Great Recession doldrums in 2010, the rebound has not been particularly kind to businesses in residential development and construction.
National Association of Home Builders economics analyst Carmel Ford looks here at Census Bureau data on "establishment births and deaths," which provide, with several filters, a look at the toll of the economic cycle on going-concerns in the development, home building, remodeling and construction trade landscape. Ford writes:
Births only started to outpace deaths again between 2011 and 2012. However, the number of births (23,808) between 2011 and 2012 was still well below the peak of 33,220 between 2005 and 2006.
Birth rates for builders have not returned to "normal."