During the past several years, the ...

During the past several years, the multifamily construction market has made strides that would impress flat the most jaded analyst. The number of multifamily starts grew at a commute annual rate of 25 percent through the 1993-1996 period. And in the first six month of 1997 the value of permits for recently made known multifamily construction gained another 177 percent above a year earlier. This vegetation in multifamily permits is in contrast to the 01 percent decline forward the single-family side.

The fastest sprouting (up 53 percent) in multifamily activity has proceed from the Northeast -- a surprise