Multifamily Construction Peaks

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Multi-family Construction at a 9 Year High

Reports by NAHB Housing Policy Economist Na Zhao say that private residential construction spending was at $433.2 billion in January. 

The year over year growth is strong, at 7.7% from January 2015.  It's the highest rate in multifamily construction since November 2007.

Multifamily construction is the strongest segment of the residential spending market.  Total multifamily spending was at a seasonally adjusted annual rate of $59.8 billion in January 2016.  This is a 30% increase year over year.

Read the full story here. 

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