Ashtead Group Results Presentation Deck
US CONSTRUCTION OUTLOOK
US RESIDENTIAL BUILDING STARTS
2,500
2,000
1,500
Units
1,000
500
0
30
1,626
530
2005
1,331
514
2006
937
447
2007
549
303
2008
Source: Dodge Data & Analytics (October 2022)
Half year results ¦ 31 October 2022
534
136
2009
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
950
556
2020
■ Single family
1,084
685
2021
949
796
2022
891
723
2023
962
733
2024
997
755
2025
H
1,022 1,036
770
2026
777
2027
Ashtead
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