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Reports: Housing starts poised to surge

Posted by   /  August 9, 2017  /  No Comments

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housingTwo studies forecast a rise to an annual pace of 1.4 million by year end and 1.6 million by 2021.

Builder

Two reports out Tuesday from a pair of research outfits indicate that housing starts may be poised for a big jump.

The first, from Fredonia Focus Reports in Cleveland, predicts that starts will steadily climb to an annual pace of 1.6 million by 2021. The second, from LegalShield in Oklahoma, sees the potential for starts to rise to a pace of 1.4 million by the end of the year.

Starts were at an annual pace of 849,000 in June, according to the most recent report from the Commerce Department.

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