Permits for 5+ buildings surged by nearly 18 percent in May, according to the National Association of Home Builders (NAHB). Multifamily permits, says NAHB, have averaged 258,000 units over the past three months—“pointing to continued strength in multifamily construction going forward.”
NAHB’s shelter index, which measures overall housing costs, increased for the 11th time in 12 months. The largest rent jump since late 2008—6 percent on an annualized basis‑occurred in May 2012.
Read more...APARTMENT MARKET STATISTICS: September 2012 | Multi-Housing News Online
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