Residential Market Dashboard

Residential Market Dashboard

MULTI-FAMILY HOUSING STARTS

Source: U.S. Census Bureau

Multi-family housing starts have been on a tear the past few years, but have been slowing down since mid year and are expected to decline on national basis over the next two years, according to the National Association of Home Builders (NAHB), Washington, D.C.

 

SINGLE-FAMILY HOUSING STARTS

Source: U.S. Census Bureau

Single-family housing starts are expected to be a key market driver over the next two years, according to NAHB.

 

 HOUSING FORECAST

Source: National Association of Home Builders (NAHB)

Construction industry economists expect big things from the homebuilding market in 2016. That’s good news for the electrical market, because once home buyers move into new developments, light retail and commercial construction like supermarkets, gas stations and restaurants typically follow. The 20%-plus increases NAHB is forecasting for single-family construction in 2016 and 2017 are impressive, but the data is mildly deceiving because these increases are coming off of some historically low levels of building activity in the Great Recession. Still, the population demographic trends are in place for a big move up, as Gen Xers and millienials are entering the entry-level market in droves. 

 

 

 

CONSTRUCTION EMPLOYMENT BY MSA

 

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