US homebuilding recovery driven by construction of structures with five or more units, usually rental apartments, not single-family homes; concentration of homebuilding activity in multifamily sector has comparatively lower economic punch: New York Times

NEW YORK , May 22, 2014 () – The Upshot; analysis of home building activity shows that improvements in American housing market are clearly coming from building of structures with five or more units, most commonly rental apartments, and not single-family homes; concentration of homebuilding activity in multifamily sector has less economic punch, with lower amount of labor and investment dollars going into projects. Graph, Photo (M)
(c) 2014 The New York Times Company

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