I started lifting when I was 15 and 5'8 and i'm almost 18 and i'm 6'3 now
It is possible that it could stunt your growth but it'd have to be like those girls doing gymnastics where you workout 4 or more hours a day
Lifting if anything will help to increase your heigth by increasing your body's natural testosterone production
As a newbie and being 16 years old I'd say you should avoid going heavy on squats and maybe avoid deadlifts altogether
I could be wrong on the deads, so I guess you'll have to wait on other posts
Oh yea and remember, your back is the most important thing, too bad it took me 2 years to figure that out
Make sure your back keeps up with everything else