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Northern Colorado Real Estate Info
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Multifamily Construction Make Sense for Builders -- in the Right Markets, an article from Realty Times, reports that the multifamily market lifted total housing starts 3.0 percent in October to a seasonally adjusted annual rate of 1.229 million units as the downswing in the single-family housing market continued, according to recent figures released by the Commerce Department. Brian Catalde, president of the National Association of Home Builders said, "Builders continue to do what they absolutely have to do in this market downturn. They are repositioning themselves for the market's eventual recovery by cutting back on production and working down their inventories." The Commerce Department figures show the pace of multifamily construction was 19.4% above October 2006. "Real estate investors like multifamily properties, especially when residential markets are experiencing volatile times," said Michael Anderson, CCIM RealSource Principal Broker, whose firm works with developers on building income-generating commercial real estate.
http://realtytimes.com/rtpages/20071203_rightmarket.htm
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