- Published: Monday, 06 July 2015 19:17
- Written by Mark Kuhar
Residential building, at $258.9 billion (annual rate), edged up 2 percent in May. Multifamily housing improved 7 percent, regaining upward momentum after settling back during the previous two months. May featured the start of eight multifamily projects valued each in excess of $100 million, with the largest being a $392 million project located in Long Island City, N.Y.