Deflation took place, by reducing goods prices by 10% per year. By 1934, nearly one-half of all residential loans were delinquent and over 1 million families lost their farms. In 1932 alone, 273,000 families were evicted from their homes. Between 1929 and 1932, construction of homes dropped by an incredible 80%. Despite these hardships, the unempolyment rate decrease to 22%.