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BlogsMetro RetroTwo-Tier Economy Reshapes U.S. Marketplace

Posted over 11 years ago

Two-Tier Economy Reshapes U.S. Marketplace

Article from WSJ via MSN Money

"But rentals, the low-end of the housing market, are booming. Apartment construction has neared its fastest pace since 1989. Two of the nation’s largest home builders, Toll Brothers Inc. and Lennar Corp., have both launched multifamily construction divisions, each with around 5,000 units in the pipeline."

http://www.msn.com/en-us/money/markets/two-tier-economy-reshapes-us-marketplace/ar-AA8Idom

Comments (1)

  1. What this data also indicates is if you are a flipper, you better be operating in the higher ends of your market because the median to lower end markets don't have the absorption  or demand.

    William Byers, over 11 years ago