Article source: CMDGroup
CMD’s latest U.S. housing starts forecasts appear in Table 1 of this Economy at a Glance and the patterns for ‘total’, ‘single-family’ and ‘multi-family’ are readily apparent from the three accompanying graphs.
Charts showing the long-term regional results for Northeast, Midwest, South and West can be found in the web version of this story (please provide link). All the graphs include a dotted trend line as provided by Excel.
Huge pent-up demand for U.S. new housing construction has been accumulating since 2007.
That’s ten years, or a decade, with residential groundbreakings in a crater that descended as steep as only about half a million units in 2009. (They pinnacled at 2.1 million in 2006.)