Multi-family construction growth remains strong with pent-up demand and new family formation being the primary drivers. Affordability will be a continued problem for younger home seekers, especially in upscale areas and around major markets. In addition, mobility and uncertainty in the job market will keep new-home growth from booming in the near future even as apartment prices rise. (Click here to see Chart) Another contributor to multi-family growth is the fact that new jobs and pay scales ...
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