New Apartment Construction Jumps Nearly 16%

Starts for new apartment projects of five or more units picked up in August, according to statistics released Thursday by the Census Bureau and the U.S. Department of Housing and Urban Development. 

Roughly 403,000 units broke ground last month, a 15.8% increase year-over-year, according to Multifamily Dive.   ...more

RSK: Many thought multifamily was at a major slowdown. But even with high interest rates and construction costs, people need to have housing and somehow, to a degree, they will give up many things to have it.