The Great Recession hit many countries, and the continued recovery in housing starts relative to a period considered normal is not isolated to the United States.
Data from the European Mortgage Federation, the Canada Mortgage and Housing Corporation, and the Japanese Ministry of Land, Infrastructure, and Transport show that housing starts are still recovering in many countries.
Between 2012 and 2013, six countries recorded an annual increase in housing starts while nine countries recorded annual declines.
PB Topical Ref
