Fertility drops during a recession. Happens every time. And it happened in spades during the Great Recession when births per woman fell from 2.12 in 2007 to 1.93 by 2010. Normally, fertility bounces back along with the economy, but not this time. Births per woman have continued to drop throughout the economic recovery, falling to 1.76 in 2017 (a minimum of 2.1 births per woman is needed to keep our population from collapsing). Why hasn’t fertility bounced back this time? Turns out housing prices may have something to do with it.