Final answer:
The question refers to the impact of the housing bubble on new home construction since March 1, 1985, when favorable loan conditions led to a construction boom. The housing bubble's burst in 2007-2008 had severe economic repercussions.
Step-by-step explanation:
The question appears to pertain to the housing bubble and the effects it had on new home construction, particularly with the start date of March 1, 1985, as a point of reference. During the housing bubble, which reached its peak around 2006 to 2007, there was a significant increase in home construction due to the availability of favorable loan conditions. Many people were able to secure mortgages, sometimes even with little to no documentation or proof of income, leading to a boom in new home construction. However, this bubble eventually burst, leading to the financial crisis of 2007-2008, which caused a sharp decline in home prices and had widespread economic consequences.