Builders predict big expansion in construction
Construction of single-family homes is expected to gradually rise this year, as a growing economy, solid employment gains and rising household formation buoys builders’ forecasts. Last year, the National Association of Home Builders projected 1.16 million total housing starts in 2016, which was up nearly 5 percent from the previous year. Now, NAHB is forecasting a 10-percent increase in single-family production for 2017, and a 12-percent rise for 2018.
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