Construction starts exceeded expectations in March on the back of strong multifamily development. A federal report released Tuesday show that residential new construction rose by 1.9 percent to a 1.32 million annualized rate, around 50,000 more than the 1.27 million earlier predicted, according to Bloomberg. The typically volatile multifamily sector saw starts rise by 14.4 percent, reversing the 10.2 percent drop in February. A 19.7 percent increase in multifamily starts in January fueled that month’s […]
source https://therealdeal.com/la/2018/04/17/multifamily-development-drives-march-increase-in-housing-starts/#new_tab
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