Looks like there are fewer cranes on the skyline these days. That’s because there are fewer construction projects rising as The Real Deal reports.
Dodge Data & Analytic’s also reported that construction on commercial and multifamily buildings fell 27% year-over-year to $7.2 billion in the first half of 2017. That’s a 63% drop from the $19.3 billion worth of starts in the first six months of 2015.
Pricing isn’t way down, but the number of units trading is down. Several developers are ...
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