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Can multifamily construction keep up with projected demand?

All key construction measures for multifamily housing rose by double-digit percentages in 2015, and demand for rentals (which continue to account for the lion’s share of that construction) is expected to remain robust over the next decade, according to “The State of the Nation’s Housing Market 2016,” which the Joint Center for Housing Studies at Harvard University released today.

That’s good news and bad news for renters, as vacancy rates continue to fall and rents continue to rise.

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