[].2 Residential construction and automobile production
One important alternative hypothesis of the Great Depression trigger is the one connected to the decline in residential construction that started in 1927 and accelerated in 1929 [ ]. A related view invokes mortgage lending [ ]. At the same time, in 1929 another industry underwent a boom and a sudden decline – automobile production. It will become clear further in this section why these two industries should be dealt with in tandem.
As Fig. [ ] demonstrates, residential construction in the US boomed in 1921-26, the annual value of such construction increasing more than fivefold.