Slide 1:
2025 housing starts forecast at 1.31 million, dipping further in 2026.
Slide 2:
Building permits fell 5.2% YoY, signaling weak residential investment despite recent starts uptick.
Slide 3:
Housing starts projected to fall through early 2026 before recovering in late 2026–2029.
Slide 4:
Home price growth remains subdued: +2.3% in 2025 and +1.4% in 2026 expected.
Slide 5:
Long-term outlook sees housing stock rising faster than population, then slowing in 2030.
