Poll Results: Revise your forecast?
After a few soft months, Is it time to reassess the industry's 2019 housing starts forecast?
Back in January, the NAHB forecast 1.27 million total housing starts for 2019. Those results were partially (though not entirely) endorsed by the results of an HBSDealer.com survey on the subject earlier this year.
How now? HBSDealer readers were asked “Based on the first quarter, are you lowering your expectations for 2019 housing starts?”
Here are the results after more than 90 votes:
52%: “No. The pace will pick up in the coming months. ”
48%: “Yes. The numbers have been surprisingly disappointing.”
In January and February, total housing starts declined compared to their corresponding months in 2018. And then, in March, total housing starts declined 14% year over year. Furthermore, the pace of total housing starts has shown year-over-year declines for the last six months in a row.
Those numbers bring us to this week’s poll question: Based on the first quarter, are you lowering your expectations for 2019 housing starts?
The poll remains open and ready for votes on the right side of this page, or scroll down your mobile device.
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