Home sales are soaring.The increasing popularity of condominiums is expected to continue in the coming year, driving construction starts of for-sale multifamily units to highs not seen for more than 10 years, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. David Seiders, chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the of the National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than . Speaking at a special session at the 2004 International Builders' Show in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. on the economic outlook for the multifamily industry, Seiders said condos represented slightly more than a quarter of all multifamily development started in 2003--a share that approaches that of the 1987 and 1993 booms in condo construction--and that rate is likely to continue to rise in 2004. "Last year was the best year in history for home sales in general and condos have great appeal to those who want ownership as well as all the benefits of apartment living," he said. As for the rental apartment sector, which has suffered from rising vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. rates, he said a general upturn in the U.S. economy will help improve that market. |
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