HIA: housing starts to fall 20% over next three years

From The HIA comes its latest housing starts forecast, which predicts a 5% decline in 2017-18, a 12% decline in 2018-19, and a 5% fall in 2019-20:

Here’s the propaganda accompanying these forecasts:

“There is no evidence to support claims that there is an oversupply in the housing sector,” stated Tim Reardon, HIA’s Principal Economist.