Housing Update: Multifamily Starts Remain Weak Despite Strong Permit Issuance
July residential construction data was somewhat weaker than we expected, due largely to soft multifamily activity. Single family activity remained more robust and consistent with our outlook for the year. We've reduced our total starts forecast to 1.22 million units in 2017, down from 1.26 million following a downward revision to our multifamily forecast.Multifamily starts have fallen roughly 10% on a year-to-date basis. That's a stark contrast to a milder 2% decline in permitting. It would app...
West Fraser Timber is an integrated wood products company producing lumber, newprint, wood chips, plywood, panels and pulp and paper products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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