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  • Multifamily starts jump, but some question the data’s accuracy

    Multifamily starts jump, but some question the data’s accuracy

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    Earlier this week, HUD and the U.S. Census Bureau again reported strong numbers for multifamily construction. Starts for buildings with five or more units jumped 11.6% month over month in July and rose 27.4% year over year to a seasonally adjusted rate of 470,000. Multifamily developers finished an annualized 383,000 apartments in buildings with five…