Multifamily Sector Predicted to Remain Strong in 2017

“After another year when the growth in multifamily housing exceeded expectations, apartment demand and property values could keep rolling through 2017,” writes Building Design+Construction. “The National Association of Home Builders expects multifamily starts to rise to 384,000 units, or 1,000 above last year’s number. Robert Dietz, NAHB’s chief economist, believes this pace is being driven by demographics and the balance between supply and demand.”