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What Is Driving Multifamily Home Construction?

Saturday, April 8, 2017 3:49
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(Before It's News)

from the Kansas Fed

– this post authored by Jordan Rappaport

After the 2007-08 financial crisis, both multifamily and singlefamily home construction collapsed. But multifamily home construction, unlike single-family construction, has since rebounded strongly. During the first half of 2016, multifamily home starts rose to their highest level since the late 1980s. However, this recent aggregate strength varied considerably across metropolitan areas. While multifamily construction boomed in several metros, such as Austin, TX; Charlotte, NC; Nashville, TN; and Des Moines, IA; it remained weak in many others, such as San Antonio, TX; Pittsburgh, PA; Memphis, TN; and Chicago, IL.

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