However a stronger market for federal tax credits has

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Unformatted text preview: tifamily construction is expected to increase only moderately in 2012. Multifamily permits should total about 4,000 units, with nearly all of the activity in apartment construction. A large share of the development is expected to occur in the Denver area, particularly in the central submarkets where demand is strongest. Construction of luxury apartment and condominium units remains limited, and with an increase in production of subsidized units, as well as a lack of building activity in high-cost areas such as mountain resorts, the value per unit of multifamily housing declined in 2011, to about $100,000. The average value per unit is expected to increase in 2012, to approximately $110,000. With continued growth in multifamily permitting activity, the total value of multifamily construction should climb to around $440 million. 32 essentially unchanged, at $3.2 billion. Several large projects that would add to this activity are beyond our forecast horizon. These include the ConocoPhillips campus in Louisvill...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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