Multifamily Market Untouched by Construction Slowdown
Homebuilding activity may be slow for the single family market, but that’s not the case for the multifamily sector.
According to Mortgage Professional America, multifamily construction growth in large metro suburban counties increased to 27.5% from 18% the previous year. Large metro core counties saw a 7.1% jump in the third quarter, while larger metro outlying counties reported a 13.1% decline.