Report: Housing starts to total 1.6 million units in 2021

By |  August 21, 2018

U.S. housing starts will total 1.6 million units in 2021, according to a new report. Photo: iStock.com/levkr

U.S. housing starts will total 1.6 million units in 2021, according to a new report.

A report called “Housing: United States” from Freedonia Focus Reports notes that single-unit conventional housing starts represent the fastest-growing and largest construction segment and will benefit from an improving economy and rising household creation.

According to the report, many consumers prefer detached homes and other single-unit types. However, demand for single-unit housing will be restrained by other housing options ranging from manufactured housing, a lower-cost substitute and availability of multiple-unit options such as condominiums.

Zach Mentz

About the Author:

Zach Mentz is the managing editor for Pit & Quarry magazine. He also serves as the managing editor for Portable Plants & Equipment magazine. Zach is a graduate of the Tim Russert Department of Communications at John Carroll University, where he served as editor in chief for the university’s student newspaper, The Carroll News. His previous experience also includes time spent in the Cleveland Indians communications department.

Comments are closed