Multifamily Construction Market to Remain Strong
The multi-family construction market was strong in the first half of 2017, according to a Freddie Mac review, and indicators suggest it will stay that way.
New builds of multi-family housing pushed supply up and pressed vacancy rates down. The report also signaled that economic growth will continue to support strong multifamily fundamentals for the foreseeable future. Demographic drivers like Millennials, a more ethnically diverse population, and household preferences for rental housing all imply demand for rental units will continue.
Multi-family completions are expected to increase, resulting in more units entering the market this year than any other since the late 1980s.
Learn more about where multi-family construction growth is planned in 2018. Get detailed reports, analysis and contact information from BuildCentral on the people and companies driving next year’s multi-family construction from BuildCentral’s MultiFamilyData.com or call for a free test drive: 312-223-1600.