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Multifamily builders eagerly added news starts last year, confident the rosy outlook for rental demand will continue for some time.
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Our MFE Top 50 special report shows that those in the community who seize the lead leave nothing to chance.
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The National Association of Home Builder’s (NAHB) Spring Construction Forecast showed that multifamily starts are projected to continue at a healthy pace as expected.
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Multifamily Developers See Competition Stiffen
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After not starting a single unit in 2009, major builders jumped back into construction mode last year.
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It’s not a mistake: The multifamily development sector’s longtime major players didn’t make the 2010 rankings.
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The Washington, D.C.-based National Association of Home Builders (NAHB) reported data from its multifamily market indexes last week in conjunction with the monthly release on July U.S. housing starts and permitting data from the U.S. Commerce Department. For multifamily, the results were...
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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.
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David Crowe of the National Association of Home Builders said last week at the Urban Land Institute’s “Financing Workforce Housing in a Stimulated Economy” forum that he expects approximately 129,000 multifamily starts in 2009 and 126,000 starts in 2010.
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Lenders and developers can't seem to agree on who is to blame for the construction dryspell in the multifamily industry.