Historical Year Data · 1979

Housing Starts in 1979

Housing Starts opened 1979 at 1,630 and closed at 1,498, a -8.10% move for the year. The high of 1,913 was reached on June 1, and the low of 1,498 on December 1.

Open

1,630

1979-01

1,498

12 data points

High

1,913

Jun 1

Low

1,498

Dec 1

Full Year Change

-8.10%

1978 Change

+18.98%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1,630	1,630	1,630	1,630	+0.00%
Feb	1,520	1,520	1,520	1,520	+0.00%
Mar	1,847	1,847	1,847	1,847	+0.00%
Apr	1,748	1,748	1,748	1,748	+0.00%
May	1,876	1,876	1,876	1,876	+0.00%
Jun	1,913	1,913	1,913	1,913	+0.00%
Jul	1,760	1,760	1,760	1,760	+0.00%
Aug	1,778	1,778	1,778	1,778	+0.00%
Sep	1,832	1,832	1,832	1,832	+0.00%
Oct	1,681	1,681	1,681	1,681	+0.00%
Nov	1,524	1,524	1,524	1,524	+0.00%
Dec	1,498	1,498	1,498	1,498	+0.00%

Events During 1979

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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