Census data has finally caught up to what the industry has known for the past year: construction starts for multifamily projects have experienced a significant slowdown over the past year as developers pull back due to slowing rent growth and tighter lending standards.
Census Bureau's Residential Construction Data Finally Reflects Current Market Conditions
Latest Figures Show Starts Dropped Significantly in August
By Jay Lybik
CoStar Analytics
September 21, 2023 | 5:45 P.M.
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