EFTA Document EFTA01385281

3 January 2018 HY Corporate Credit HY Multi Sector.Media, Cable & Satellite New Residential Construction: Acceleration from 2017, Single-Family Leading the Way Similar to our outlook in residential R&R, we are expecting another solid year in new U.S. housing construction - as measured by housing starts. We expect the overall market to be up 6%, with single-family leading the way +10%, and multi-family likely to decline about 2% (a decelerating rate from 2017). In the latest reading for