Mar
25

Job Losses Compound Multifamily Housing Woes

By
– National Association of Home Builders

With the children of parents born during the post-World War II baby boom nearing a time when they will form households and rent apartments in large numbers, the nation’s multifamily housing industry is looking forward to a glowing future. In the meantime, however, times have grown exceedingly tough for the multifamily sector, which declined sharply following last fall’s meltdown in the credit markets and is weakening further as the nation’s economic recession and job losses intensify.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.nbnnews.com/NBN/issues/2009-03-23/Front%2BPage/index.html

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