Metrostudy Releases Q4 2015 Home Building Outlook

Share Article

Total U.S. Housing Starts Projected to hit 1.23 Million in 2016

News Image

Metrostudy, a Hanley Wood company, announced today the release of its fourth quarter 2015 Home Building Outlook detailing housing construction trends nationwide. The Home Building Outlook is the platform for Metrostudy’s national and local forecasts, spotlighting the Top 100 Housing Markets across the United States.

The fourth quarter update indicates U.S. Housing Starts are expected to advance gradually to hit 1.23 million this year, with 819,000 of those being single family homes as defined by the Commerce Department. Multi-family housing starts are expected to increase to 418,000 as the rental market continues to exhibit strength. Metrostudy’s proprietary survey database, which consists of data from over 100 CBSAs and consists of hand-counted lots and newly occupied homes, indicates move-ins were 7.5% higher in the fourth quarter of 2015 than a year earlier, while new housing starts rose 12%.

Nationwide new home sales as defined by the Commerce Department are expected to increase 18% to 590,000 this year, up from the preliminary 501,000 reported in 2015. New home sales saw a sharper peak-to-trough decline than overall housing starts, and from trough to 2014 did not increase as much, resulting in a statistical catch-up.

The best overall new home markets are Denver, San Francisco, Sarasota/Bradenton in Florida, and Charleston, SC in terms of health and local new home sales forecast. The Sunbelt dominates in terms of sales volume, with the largest new home markets expected to be Dallas, Houston, Phoenix, and Atlanta.

“The U.S. housing market continues to gradually expand,” says Brad Hunter, Chief Economist of Metrostudy. “We expect steady growth for the next several years, with slower price gains in the new home sector.” Mark Boud of Real Estate Economics, a subsidiary of Metrostudy, also observes, “Some in our industry have voiced concerns about economic problems in China impacting the housing market, or high new home prices restricting demand. We recognize those factors may have some impact, but it will be not be significant enough to prevent our forecasted expansion in construction.”

Metrostudy produces the Home Building Outlook to provide the building industry with visibility into local residential construction activity as well as official national forecasts.

About Metrostudy
Metrostudy is the leading provider of primary and secondary market information to the housing and residential construction industry. Metrostudy’s actionable business intelligence informs investment decisions that mitigate risk and grow revenue for builders, developers, lenders, suppliers, retailers and manufacturers. It’s the construction industry’s only integrated data intelligence solution supported by the most extensive U.S. geographic coverage. Learn more at

About Hanley Wood
Hanley Wood is the premier company serving the information, media, and marketing needs of the residential, commercial design and construction industry. Utilizing the largest analytics and editorially driven Construction Industry Database, the company provides business intelligence and data-driven services. The company produces award-winning media, both digital and print, high-profile executive events, and strategic marketing solutions. To learn more, visit

Irina Woelfle
IWPR Group
(772) 231-7532

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Irina Woelfle
Hanley Wood
+1 772-231-7532
Email >
Follow >
Visit website