According to PPR/CoStar, the average apartment sales price was $107,501 per unit in the fourth quarter of 2013, down slightly from the same period in 2012.
Coop and condo prices rose by 13 percent over 2013, while inventory fell, according to the National Association of Home Builders (NAHB). Housing starts, meanwhile, exhibited a downward trend.
“Housing starts of buildings with five or more units began 2014 with a month-over-month decline to a seasonally adjusted annual rate of 300,000 units,” states the NAHB. According to NAHB, since peaking at 379,000 units in November 2013, housing starts of buildings with five or more units has now declined for two consecutive months.
Read more...APARTMENT MARKET STATISTICS: May 2014 | Multi-Housing News Online
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