The multifamily sector took center stage at the International Builders' Show earlier this month. Despite ongoing challenges, the National Association of Homebuilders (NAHB) anticipates that multifamily starts, fueled by low vacancies and rents, will rise 6.3 percent from 2021 to nearly a half-million units. Overall housing production is expected to increase 2.5% to a 1.63 million annual pace. Single family home sales are projected to increase more than 9% from last year.
Home and rental prices are expected to be constrained by labor shortages and building material production bottlenecks. Read more.
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