- Apr 15, 2014
Multifamily lending by banks increased by $8.1 billion during the third quarter of 2013, according to Chandan Economics.
Meanwhile, housing starts in buildings with five or more units rose by 26.0 percent to 354,000 units over the month of November 2013, according to the National Association of Home Builders (NAHB). November 2013 marks the first month since June 2013 that real rental prices did not rise, says NAHB.
Over the past 12 months that ended in November 2013, the median condo and coop sales price rose by 10.0 percent to $197,400, stated NAHB.