Remember back, if you can, to the last time this country’s housing market’s sluggishness resembled what we’re experiencing today. From 1988-1992, the U.S. experienced an economic recession. It wasn’t nearly as profound or prolonged as our current situation, but nonetheless many of you probably remember (or have been told) how bad the housing market was. Housing starts experienced a 45 percent drop over that timespan. When housing recovered swiftly from 1992 through 1994, lumber prices skyrocketed.