Multifamily Starts Soared In Q2 As Homebuilder Confidence Hit Record High

August 27, 2020

Article by:  Matthew Rothstein

New housing starts in July rose 22.6% over June, reaching an annual pace of 1.5 million units, the U.S. Census Bureau said in its monthly residential construction report released on Tuesday. The jump was largely due to multifamily construction, which started work on 58% more units than it had in June.

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