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Economists Predict Housing Starts Will Spike in 2022
by Phil Hall
New housing starts will remain below historic averages until 2022 or later,
according to a new poll
of 100 economists and real estate experts conducted by Zillow and Pulsenomics.
Single-family housing starts have historically averaged more than one million units a month and peaked at more than 1.8 million in 2006. In the decade since the end of the Great Recession, activity has picked up but is still below the historic average. The majority of poll respondents stated it will be at least two years before the historic average is met, while one in five predicted the threshold could be reached by the end of this year. Click HERE to learn more.