multifamily home: Real Estate Milestone Achieved - 05/21/13 03:47 AM
Housing starts are at 1.04 million, up 7% from this February and up 47% from this time last year.
This number is achieved highly due to the recent surge in building apartments and condominiums. These multi-family units alone jumped 82% as compared to last year. Each unit within these types of complexes is counted in the statistics so they can be extremely volatile. When looking at a more stable number, single family units, the percentages have actually fallen by 6% since February.
But, there is a strong demand for the multi-family and rental type living environments that does not seem to … (2 comments)