Share of Multifamily Built-for-Rent Reaches New High
The NAHB’s Eye on Housing recently took a look at multifamily construction data from the U.S. Census Bureau to reveal that market share of multifamily construction starts increased to 96% during Q2, 2020. Breaking that down further, there were just 3k condo multifamily unit starts, however there were 76k rental apartment starts. In addition, they point out that condo construction has been weak since the end of the Great Recession.
Click here to read the full report at the NAHB’s Eye on Housing.
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