FurnitureCore
Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google
Advertisement
Ad_CUSTOM

Get the latest industry scoop

Subscribe
rss

Daily News

From Home Furnishing Business

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

Single-family housing starts – often a key predictor of home furnishings sales – are projected to increase by double-digits in 2018 and 2019, according to data from the U.S. Census Bureau and the National Association of Realtors.

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.



Comments are closed.
Performance Groups
HFB Designer Weekly
HFBSChell I love HFB
HFB Got News
HFB Designer Weekly
LinkedIn