Multifamily housing starts hit 423,000 units in July, reports the National Association of Home Builders (NAHB). The seasonally adjusted figure, for multifamily housing of five or more units, represents an increase of 33 percent over the month before.
Meanwhile, apartments investment sales in the second quarter jumped to a multi-year high of $125,063 per unit in the second quarter, compared to $108,485 in first quarter 2014, according to PPR/Costar.
Read more...APARTMENT MARKET STATISTICS: November 2014 | Multi-Housing News Online
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