In a key development, construction is picking up not just in apartments but in single-family homes, too. Starts in the latter category—reflecting two-thirds of the market—reached a nearly eight-year high in November.
Single-family homes use more lumber per unit than multi-family dwellings.
PCL forecasts 1.25M housing starts in 2016 (#msg-118004826).
*Seasonally-adjusted annualized rate.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”