Tag Archives: Multifamily Growth Poised to Continue in 2013

Home building is once again contributing to the nation’s economic growth, and a major factor behind that growth has been the expansion of multifamily construction such as apartment communities and for-sale condominiums. Home ownership remains down, especially among younger households. Additionally, the overall number of households — home owners and renters combined — is lower than it should be considering U.S. population growth. With a boom in household formation expected in the years to come, most of them are expected to start out as renters as economic and labor market […]