Frinzi said the flurry of
multifamily building activity — and the willingness of Wall Street and conventional banks to fund the projects — actually dovetails at a time when there are less skilled construction workers available.
Not exact matches
NAR commercial members who were surveyed conduct all or part of their
activity in commercial sales, leasing, brokerage and development for land, office and industrial space,
multifamily, and retail
buildings, as well as property management.
Permit issuance, which can be an indicator of future
building activity, rose 1.9 percent on the single - family side to a seasonally adjusted, annual pace of 584,000 units and rose 1.5 percent on the
multifamily side to a 341,000 - unit pace in January.
Issuance of new
building permits, which can be an indicator of future
building activity, edged down one percent to a rate of 803,000 units in August following a surge in the previous month, with single - family permits holding virtually unchanged at 512,000 units and
multifamily permits down 3.0 percent to 291,000 units.
The study's results represent Realtors ® who practice commercial real estate; these NAR members conduct all or part of their
activity in commercial sales, leasing, brokerage and development for land, office and industrial space,
multifamily and retail
buildings, as well as property management.