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In the graph below, the annualized rate of new home construction is shown to have surpassed the two surges of the 1970s when inflation was out of control.
Sales peaked in 1998, at $1.1 billion, and are now running at an annualized rate of just $640 million.
The annualized rate of increase of Euro deposits moved up dramatically.
Home mortgage credit increased at a record annualized rate of $614 billion.
July Construction Spending was reported at a record annualized rate of $997 billion.
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