Developers are putting up new apartment buildings in the U.S. as fast as they were before the real estate crisis. Yeah, there was a decline in multi-family construction in October, probably because of flooding in the South. But overall the picture from the Census Bureau's monthly building permits data has been one of growth.
By contrast, building permits for single-family homes, while they too have been on the rise, are still only at about 40 percent of the peak they hit in September 2005.
Read more...The U.S. Could Build a Lot More Apartments - Bloomberg View
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