WHAT IS HAPPENING WITH NEW HOME BUILDING?
The information today is that new housing starts in the US are down again and look to continue this trend. Actually down by 20 percent from last years numbers. There is just too much inventory for sale now. Add to that slumping sales figures there is not much good news her. So what are these developers doing now?
Well, They are moving to multi-family developement. In fact the only good numbers that were posted for new construction were found in Multi-family projects. These starts are up almost 24 percent over last year.
If you are looking to get in on an emerging trend, I would suggest you get in early. Three years from now will be too late! I believe it is time to take a good look at Multi-family investments . Not 2 years from now. NOW!
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