Single-family starts edged higher in May but have been broadly flat since the start of the year. While worsening affordability is now weighing on the demand for homes, record low inventory and falling lumber prices should support starts this year. On balance, we expect single-family starts will stay close to their current level, averaging around 1.16m in 2021.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.