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Multifamily market update

Posted by   /  November 29, 2017  /  No Comments

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By Robert Dietz | NAHB

The market share of rental multifamily construction starts ticked back up to an elevated level of 95% in the third quarter, according to NAHB analysis of Census data. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. The average share of 80% was recorded during the 1980-2002 period. There were only 22,000 multifamily condo units that started construction over the last year.

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  • Published: 10 months ago on November 29, 2017
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  • Last Modified: November 29, 2017 @ 10:04 am
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