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June 17, 2011

The Interim Report on the Economic Outlook and the Home Improvement Products Market for May 2011 lowered some forecasts for key metrics, raised others and maintained its core forecast.

The report, conducted for the Home Improvement Research Institute by IHS Global Insight, downwardly revised its 2011 housing starts forecast to 630,000. The February forecast had called for 680,000 starts in 2011. The 2012 forecast was also lowered from 1.10 million to 1.02 million.