July 20, 2015
There seems to be no end to the strength of the multifamily commercial real estate sector.
About 288,000 multifamily units were issued in the West, as compared to 155,000 for single-family products, according to U.S. Census Bureau and Department of Housing and Urban Development.
Much of this is taking place in the Inland Empire, where industrial development is going through the roof.
Across the country, though, 1.3 million new housing structures were granted permits. That’s a big leap from last year — it’s 30 percent higher from June of 2014.