FastFact: Housing Starts Projected for Double-Digit Increase in ’18, ‘19

February 19, 2018  by Larry Thomas in Economic News, Financial Reports, Industry   

The forecast calls for a 11.4% increase this year and an 11% jump next year, the data indicates.

Multi-family housing starts, by contrast, have fallen significantly since a mini-boom in 2014 and 2015 that was driven by pent-up demand from Millennials pouring into the rental market.

After rising 11.8% in 2015, multi-family starts fell 1.3% in 2016 and tumbled an estimated 11.9% last year.

For a detailed look at the numbers, which also include data on housing inventory, click here.