Multifamily sector remains "si...

Multifamily sector remains "sick man" of CII market Overbuilding, federal tax laws and local produce restrictions cast a pall forward the near future for multifamily construction
After plummeting 24 percent in 1987 multifamily starts dropp by dint of another 18 percent last year. Construction activity should weaken further in 1989 sliding 43 percent to 375000 units.
Unlike the 1986 and 1987 downturns, the contraction in multifamily construction last year was widespread --starts declined from 10 percent to 20 percent in each of the four major regions. For the southerly it was ...