New Construction in U.S. Expected to Grow 6.5 Percent in 2016

According to the report, the demand for single-family homes will exceed the demand for multi-family homes and drive the performance of residential starts over the next several years. Additionally, industrial starts, which increased greatly in 2014 and 2015, will be blunted by depreciation in the U.S. dollar. Medical starts, which increased 8.6 percent in 2016, will settle around 5.0 percent annual growth from 2017 to 2020 as they ride the crest of an aging population.