New home sales versus population

Here is a chart of US new home sales normalized by population from 1963 through 2009.  The calculation is a ratio of the total new home sales for each year(1) and the population per US Census estimates for that year(2).

(1) http://www.census.gov/const/newressales.xls

(2) http://www.census.gov/prod/2005pubs/06statab/pop.pdf

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