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Apartment Builds Plummet While Single-Family Holds Steady
Description
Apartment construction just cratered—down 41.6% in one month—while single-family home starts barely moved, revealing a stark split in the housing market driven by financing pressures. Multifamily projects are collapsing as rising rates make construction loans unviable, while single-family homes hold steady thanks to more flexible financing. With permits flat and future builds dwindling, the housing shortage isn’t easing—expect tighter markets and sustained prices for renters and buyers alike.
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