Mulifamily Starts Plunge Whopping 74% Y-O-Y to 78K Units; Can They Fall Further?
- May 19, 2009
By Anuradha Kher, Online News EditorNew York–New home construction fell to its lowest pace on record in April, according to the Census Bureau’s latest report. Multi-housing starts for April are down to 78,000 units, a 42 percent drop from last month and a whopping 74 percent drop year-over-year. This dragged