Apartment and condominium construct...

Apartment and condominium construction has "fallen facing the cliff' during 1991 The hoped-for mid-year regaining in multifamily family construction has been dealt a crushing thump by the "credit crunch" and by way of the lingering economic recession. Fortunately, all signs point convincingly toward the encouraging conclusion that we reached the gentle (very low!) point of the downturn for this sector during mid-summer, and that activity will improve, to the end of time so slowly, as we make our way into 1992

Total recent starts in buildings with five or more units totaled a measly 104500