Dec 11, 2012
For homebuilders, multifamily is the future… and the present
11 Dec 2012
Posted by Andrew Kantor
The New York Times has an interesting piece on how the boom in rentals has led to a boom in rental construction.
Multifamily construction nationwide is two-thirds of the way back to its prerecession peak, while single-family home construction is still only about a third of the way back to its peak, said David Crowe, the chief economist of the National Association of Home Builders.