For homebuilders, multifamily is the future… and the present

The New York Times has an interesting piece on how the boom in rentals has led to a boom in rental construction.

Multifamily construction nationwide is two-thirds of the way back to its prerecession peak, while single-family home construction is still only about a third of the way back to its peak, said David Crowe, the chief economist of the National Association of Home Builders.

Read it here.

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