All year I've been forecasting an increase in multi-family starts — and that is already happening. Multi-family starts are on a 156,000 annual pace over the first five months of 2011 compared to 115,700 starts for all of 2010. Historically this is a low level, but this is a nice increase over last year. Now I'm starting to wonder if we will see a little increase in new-home sales and single-family housing starts in the second half of 2011 on a seasonally adjusted (SA) basis.
Business
Source: Calculated Risk
