Multifamily Building Surge Surpasses Single-Family Recovery (By Sharon O'Malley)

By Anonymous -
Construction of multifamily housing has rebounded to pre-recession levels, surpassing the recovery of the single-family market, according to the CFA Institute, the association of investment professionals.  The industry owes its strong showing to a dip in homeownership this year to its lowest level since 1995; slightly more than 67% of Americans own homes. When homeownership wanes, more people rent.  At the same time, rental vacancy rates are at a 20-year low, and rental prices are climbing. In fact, average rent paid for a unit in a multifamily property tops the record set in 2008.
From: www.constructiondive.com
   Trenton H. Cotney
   Florida Bar Certified Construction Lawyer
   Trent Cotney, P.A.
   1211 N Franklin St
   Tampa, FL 33602

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