Housing starts returned to trend, dropping 2.6 percent to a seasonally adjusted annual rate of 1.246 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Multifamily production fell 10.2 percent to 423,000 units after an unusually high December 2016 reading, whereas single-family starts ticked up 1.9 percent to 823,000 units.
Real estate lenders will explore ways to broaden their competitive edge and enhance their lending potential at the American Bankers Association’s Real Estate Lending Conference in Orlando, March 29-31.
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