Posts Tagged ‘Multifamily Construction’
Mulitfamily Mojo
A large chunk of the credit for our improving economy belongs to multifamily construction. Since hitting a trough of 111,000 multifamily permits in October 2009, multifamily activity has quickly recovered. This past October there were 418,000 multifamily permits pulled, an amazing 73% of the permits pulled in March 2006, the single best month since the…
Read MoreBooming Israeli Economy
The Israeli economy is booming! Unemployment is 6%, house prices are rising at a healthy clip and construction activity is ubiquitous. In 2 days, I have counted over 100 over cranes in use and new multifamily construction is literally, skyrocketing. The city of Modi’in, halfway between Tel Aviv and Jerusalem has a population of 90,000;…
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