Housing Starts
The Graph of the Week is the housing starts forecast from the May 2010 NABE Outlook. From the Outlook:
Setbacks to the housing recovery early this year surprised most forecasters, and the strength of the rebound has also been downgraded. Previous NABE surveys showed expectations that housing would be a growth sector—exceeding the pace of the economy overall. In the current survey, it is expected to play more of a supporting role in 2010. Nonetheless, residential investment and housing starts are forecast to continue to rise throughout the forecast horizon. Last year’s lows in home sales and home prices will not be retested, according to 65 percent of survey respondents, and the rebound is intact.
NABE members can read the full survey, and download the data, online. There is a summary available to the public.
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