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Multifamily projects propel housing starts

November 20, 2018 / Alcynna Lloyd

Housing starts increased 1.5% in October, propelled by the multifamily sector, according to the latest report from the U.S. Census Bureau and the Department of Housing and Urban Development. TIAA Bank Chief Consumer and Commercial Banking Executive John Pataky said: “This report is a stalemate between the demand and supply sides of the market, which are moving in different directions right now. On the demand side, we are seeing some surprising upsides.”