The pace of rental apartment construction will decline from the frantic pace of recent years to a level that is sustainable for the long term, panelists at the International Builders Show predicted on Monday.
Multifamily unit starts jumped about 14% in 2014 to 352,000 from 309,000 in 2013, according to David Crowe, chief economist with the National Association of Home Builder. In 2015, he expects that number to edge up less than 2% to 358,000 unit starts.
Read more...Panelists Predict Multifamily Construction Will Begin to Level Off - Developments - WSJ
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