Historical Year Data · 1971

Housing Starts in 1971

Housing Starts opened 1971 at 1,828 and closed at 2,295, a +25.55% move for the year. The high of 2,295 was reached on December 1, and the low of 1,741 on February 1.

Open

1,828

1971-01

2,295

12 data points

High

2,295

Dec 1

Low

1,741

Feb 1

Full Year Change

+25.55%

1970 Change

+74.47%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1,828	1,828	1,828	1,828	+0.00%
Feb	1,741	1,741	1,741	1,741	+0.00%
Mar	1,910	1,910	1,910	1,910	+0.00%
Apr	1,986	1,986	1,986	1,986	+0.00%
May	2,049	2,049	2,049	2,049	+0.00%
Jun	2,026	2,026	2,026	2,026	+0.00%
Jul	2,083	2,083	2,083	2,083	+0.00%
Aug	2,158	2,158	2,158	2,158	+0.00%
Sep	2,041	2,041	2,041	2,041	+0.00%
Oct	2,128	2,128	2,128	2,128	+0.00%
Nov	2,182	2,182	2,182	2,182	+0.00%
Dec	2,295	2,295	2,295	2,295	+0.00%

Events During 1971

1971 Nixon Shock (End of Gold Standard)

Stagflation

August 15, 1971

On August 15, 1971, President Nixon announced the United States would no longer convert dollars to gold at $35/oz, ending the Bretton Woods system and ushering in the modern fiat era.

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