Higher-income renters continue to drive what’s getting built and leased in the multifamily sector
BD+C
JANUARY 31, 2020
Starts of buildings with five or more housing units rose from December 2018 through December 2019 by 74.6% to a seasonally adjusted annual rate of 536,000, according to preliminary Census Bureau estimates. At the end of that period, the number of multifamily housing units under construction was up 7.3% to 177,000.
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