Multifamily Starts Pull Down April Figures
Housing starts fell in April to 458,000, 12.8% below March’s estimated 525,000 starts and 54.2% off the April 2008 pace. This time, it was multifamily that pulled down the residential building sector.
Multifamily Construction Continues Decline
Lenders and developers can't seem to agree on who is to blame for the construction dryspell in the multifamily industry.