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    Value of New Multifamily Construction Starts

    Authored By: George Tsetsekos, PhD
    Francis Professor of Finance
    The supply of new construction has experienced moderate decline in the past 3 years as measured by the new construction permits.

    The US economic activity is a $17.5 Trillion. When considering multifamily new investments the value added to the economy is almost $100 Billion. This is less than 1% but is significant from the point of view of adding to the economic activity.

    Statista and Construct Connect 2018 (*Indicated Projection)

    is Pittsburg with 85% of responders indicated that they preferer to purchase a multifamily asset followed Salt Lake City.  Other buy locations include FL’ Fort Lauderdale and Tampa