APARTMENT MARKET STATISTICS: June 2012
June 20, 2012
Multi-Housing News’ June 2012 Apartment Market Statistics section shows that permits continue to exceed 200,000 units for the fourth consecutive month, and condos and coop sales are higher than in 2011.
An increasing number of banks returned to commercial real estate lending in the fourth quarter, according to charts appearing in the market statistics section of MHN’s June 2012 issue.
The statistics section also shows that February was the fourth consecutive month in which the annualized permit rate has been greater than 200,000 units. And condo and co-op sales are up, by more than 9 percent compared to the annual average in 2011. However, condos and coop prices remain at the same levels as in late-2010, measureably lower than during the time when the homebuyer tax credit was available.
For the tables click here.
