Le Lézard
Classified in: Business
Subjects: SVY, ECO

US Housing Starts to Rise 2.4% Yearly to 2022


CLEVELAND, Sept. 13, 2018 /PRNewswire/ -- US housing starts are forecast to see annual growth of 2.4% through 2022, according to Housing: United States, a report recently released by Freedonia Focus Reports. Builders will benefit from rising levels of employment and strengthening consumer finances. Population growth and household creation will also support gains. Despite the robust annual growth projected for housing starts, total 2022 activity is only expected to reach 2007 levels. The vitality of the housing market in the years leading up to 2007 was boosted by unsustainable factors (e.g., easy access to credit) that are unlikely to reoccur in the forecast period.

Freedonia Group logo (PRNewsFoto/The Freedonia Group)

More information about the report is available at:
https://www.freedoniafocusreports.com/Housing-United-States-FF60024/

Single-unit conventional housing starts are projected to remain the largest segment. Rising household formation will continue to support new residential construction. However, the average size of new single-unit conventional homes is expected to decline to 2022, reversing the gains of the 2007-2017 decade.

These and other key insights are featured in Housing: United States. This report forecasts to 2022 US housing starts and the housing stock in units, and average floor space per new and existing units in square feet. Each measure is segmented by housing type in terms of:

In addition, housing starts and the housing stock, as well as existing home sales, are segmented by region as follows: South, Midwest, West, Northeast. Furthermore, spending on residential building construction in US dollars is forecast to 2022 and is segmented by type as follows: single-unit, multiple-unit, and improvements.

To illustrate historical trends, housing starts, the housing stock, existing home sales, average floor space, residential building construction expenditures, the median price of new single-unit conventional homes, interest rates, and the various segments are provided in annual series from 2007 to 2017.

About Freedonia Focus Reports
Each month, The Freedonia Group ? a division of MarketResearch.com ? publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Building Products reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

Press Contact:
Corinne Gangloff
+1 440.684.9600
[email protected]

 

SOURCE The Freedonia Group


These press releases may also interest you

at 00:25
Shanghai Junshi Biosciences Co., Ltd ("Junshi Biosciences," HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced its financial...

at 00:24
In the news release, Roborock Reports 2023 Full Year Financial Results, issued 28-Mar-2024 by Roborock over PR Newswire, we are advised by the company that in the first bullet point of "Growth across Product Categories", the USD amount should read...

28 mar 2024
Royal Bank of Canada ("RBC") today announced it has completed the acquisition of HSBC Bank Canada ("HSBC Canada"). "Today marks one of the most exciting times of our 155-year history and a pivotal milestone in our long-term growth story as we...

28 mar 2024
The opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2024 was held in Boao, south China's Hainan Province on Thursday, with China's top legislator Zhao Leji stressing China's economic potential, appealing to international investors...

28 mar 2024
OKX Ventures, the investment arm of leading Web3 technology company OKX, has issued updates for March 29, 2024. OKX Ventures...

28 mar 2024
Curio Legacy Ventures (Curio), a frontrunner in nuclear technology innovation, proudly announces a strategic partnership with Navarro Research and Engineering, Inc. (Navarro). This collaboration signals a significant step forward in advancing nuclear...



News published on and distributed by: