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.

Chart showing value of New Multifamily Housing Construction Starts from 2015 to 2021
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

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