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07/29/07
Multifamily, commercial markets remain strong
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:07 pm

While single-family housing permits are expected to slip this year, the multifamily market and commercial construction market are expected to finish strong.  According to the second-quarter “Blue Chip Economic Forecast,” single-family housing permits will tumble 13 percent this year. The forecast is a publication of the W.P. Carey School of Business at Arizona State University. The multifamily market is expected to increase by more than 25 percent in 2007, marking the first year of growth for this segment since 2004.  More…

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