The housing construction numbers in September provided a glimmer of hope at an impending recovery for the single-family housing market. But don’t be deceived. Multifamily still reigns supreme according to the latest data from the U.S. Commerce Department.
While single-family construction enjoyed an 11 percent bump in production in September, multifamily hit a home run with a 25 percent increase in new starts. And permits issued in September echoed the same good fortune for multifamily.
Read more...Multifamily Permits Jump 20 Percent, Highest Level in 4 Years - Permitting - Multifamily Executive Magazine
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