2016 Housing Starts Revised Upward to 1.18M

Metrostudy recently released its second quarter look at 2016 housing starts.  In this report, it revised its projections for year-end upward:

“The second quarter update indicates that U.S. housing starts are expected to advance gradually and hit 1.18 million this year, with 813,000 of those being single family homes as defined by the Commerce Department. Multi-family housing starts are expected to decrease slightly to 375,000 as it begins to take a back seat to the recovery in single family homes.”

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