By Trey Garrison | HousingWire
While Capital Economics is forecasting housing starts to surge by almost 40% over the next few years, reaching 1.5 million by the end of 2017, they’re not so sure the industry will see a return to pre-recession 2006 levels.
It’s possible, write Ed Stansfield and Andrew Hunter in a client note, that starts could rise even more rapidly in the short term as builders make up for under-building in recent years.
“But there are good reasons why we are unlikely to see starts regain their pre-recession highs of more than 2 million in the foreseeable future,” they write.
