Multifamily construction spending w...

Multifamily construction spending will peak late in 2004 and then decline about 8% between the walls of the end of next year. The awaited spending decline will be more a originate of the completion of the large number of units started earlier in 2004 than the decent fall in new units started that is look fored by the end of nearest year. The annual rate of novel multifamily unit starts is wait fored to decline by 10,000 by way of the end of 2005 from 330000 to 320000
The market slowdown will be concentrated in market-rate, entry-level apartments in cities in the southerly and Midwest with very high