September’s decline in starts supports our view that last month’s increase was a one-off and starts will fall further in the coming months. We expect the rise in mortgage rates to near 7% to continue to weigh on new home demand and bring starts down to around 800,000 annualised by end-2022.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.