Though some U.S. markets are facing a sizable number of apartment properties coming on line— especially in the upper price points in markets such as Seattle and Denver—overall the development of apartment product continues at a fairly strong pace, according to data released by the Census Bureau in its report on housing permits and starts on Tuesday.
In July, apartment starts gained 8.3 percent for the month, noted the bureau (which tracks buildings with more than five units as its multifamily category).
Read more...Economy Watch: Apartment Starts Gain, Inflation Stays Low
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