Multifamily Buildings to Lead Construction Gains
According to economists Michelle Meyer and Celia Chen, construction of multi-family units will lead the U.S. building industry again this year.
Economists are predicting a 45%-70% jump in construction of apartment buildings and townhouse developments, the most since 2008. IHS Global Insight forecasts 1.5 million households will be formed in the 12 months through March 2013 from an estimated 972,000 in the year through March 2012.
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