The Smith Letter

The Smith Letter

Multifamily Development Slows as Single-Family Grows

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The Smith Letter
Nov 30, 2023
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WHAT’S MOVING THE MARKET

  • In October 2023, the declining trajectory of multifamily permits and starts persisted, experiencing a noteworthy 31.8% year-over-year decrease in starts. Nonetheless, a modest upturn from September suggests a nuanced and dynamic market environment. More here

  • Financial analysts are foreseeing a substantial reduction in interest rat…

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