The Book 5-5-16

PREVIOUS STARTS AND FORCAST OF STARTS

18000

16000

14000

12000

10000

8000

6000

13397

15100

16728

13536

2000 10128

17081

7529

11498

11862

4000

4700

4626

6171

7676

8410

10510

11406

12210

12940

13690

12869

11968

11010

11671

12605

13613

16832

4405

14702

15731

2000

0

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Building permits in 2016 are approximately equal to 2001. 2001 was a good but not great year for new construction. Looking forward, we see a slight increase followed by a small dip in 2022, approximately equal to 2016.

* MARKETGRAPHICS RESEARCH GROUP

8