Ashtead Group Results Presentation Deck
US CONSTRUCTION OUTLOOK
US RESIDENTIAL BUILDING STARTS
2,500
2,000
1,500
Units
1,000
500
0
1,626
530
2005
1,331
514
2006
937
447
549
303
2007
2008
Source: Dodge Data & Analytics (January 2023)
534
136
2009
26 Nine month results | 31 January 2023
446
157
2010
413
218
2011
516
290
2012
624
358
2013
■ Multi-family
619
421
2014
683
502
2015
735
519
2016
Single family housing starts forecasted to slow to c. 2018/19
levels driven by mortgage rate increase and supply chain
constraints
▪ This despite the US demographic trends putting housing in an
undersupply position
802
497
2017
833
547
2018
831
564
2019
951
556
2020
■ Single family
1,084
684
2021
929
827
2022
840
764
2023
874
783
2024
958
814
2025
1,017 1,033
838
2026
855
2027
Ashtead
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