This article is: of the NAHB
According to NAHB analysis of quarterly Census data, the count of multifamily, for-sale housing starts increased during the first quarter of 2022. At 11,000 units started, this was the best quarter for condo construction since the third quarter of 2008.
This is particularly important for us in the Bay Area because land is so scarce. We do see a lot of new condos popping up, although a lot of the new construction in the past 3-4 years has been in apartment complexes, with high rents.
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Francis
