Multifamily unit growth sparks cooling installations
WASHINGTON, DC — The number of housing units in multifamily construction has hovered in the six-digit region for most of the past two decades.
The most recent count (1998) shows there were 32,000 buildings completed, which represent 314,000 housing units involved in the multifamily sector, the highest during the decade and a sign of a brisk turnaround after years of relatively poor activity.