TD Economics, an affiliate of TD Bank, America's Most Convenient Bank, released a new research report outlining the positive prospects for the U.S. multifamily housing market.
Between 2009 and 2011, nationwide multifamily housing starts rose 59% while single family starts declined 2% as high unemployment, falling home prices and increased foreclosures strengthened rental demand. According to the TD Economics report, favorable demographics and years of underinvestment have primed the South Atlantic for a sustained rebound in multifamily housing construction. Meanwhile, the Northeast is also on a path of recovery, but will lack the South Atlantic's vigor because of slower population growth and lower rates of household formation.
Read more...Multifamily Housing Construction to Remain Strong - Multifamily News Headlines – Breaking News, Stories, Top Headlines :: MultifamilyBiz.com
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