Banks are increasing their construction loans for the first time since 2007, according to Chandan Economics. Banks registered a quarterly increase of 897,529 in the second quarter 2013.
Year-over-year growth in residential construction prices decelerated from 2.1 percent in July 2013 to 1.7 percent in August 2013. After a period of significant increases, prices of building materials now display slower rates of year-over-year growth or outright declines, according to the National Association of Home Builders.
Read more...APARTMENT MARKET STATISTICS: December 2013 | Multi-Housing News Online