Multifamily Outperforming Private Single Family Construction

The National Association of Home Builders announced that month-over-month construction spending dropped for both private single-family homes and multifamily buildings. However, the data also revealed that, year-over-year, the pace of both types of construction have increased and that, within that trend, the increase in multifamily construction spending is outpacing that of private single family home construction spending by about 3 to 1. I’ll get the details from NAHB Economist Rob Dietz, on this episode of Big Money Real Estate. For a link to the NAHB data, click here. And check out my Intentional Investor Series to learn everything you need to know to become a successful investor in real estate.