Annualized housing starts are expected to regain ground by 2003.

Quarter--Year Estimated Starts
Q1--2002 1.42 million
Q2--2002 1.55 million
Q3--2002 1.60 million
Q4--2002 1.65 million
Q1--2003 1.68 million

The data shows that housing starts have averaged 1.574 million for the past five years (peaking in 1999 at 1.66 million homes), even with the recession that began in March 2001 starts are not expected to fall as far as they did during the two previous recessions. They are, in fact, expected to rapidly regain ground by 2003.

Source: NAHB Economics

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