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Fed’s Latest Rate Hike = More Need For This Power Stock’s Services

multifamily housing

When mortgage rates were at record lows, Americans flocked to buy new single-family homes.

Now that the trend has reversed, the rate increase is pricing Americans out of new homes and into apartments and duplexes.

This means an increase in multifamily housing construction across the country.

The increased demand for new multifamily home construction is pushing up the value of that construction.

From 2021 to 2025, the value of new multifamily construction will grow 46.2%.

Today’s Power Stock provides financing for affordable multifamily housing in the U.S.

The post Fed’s Latest Rate Hike = More Need for This Power Stock’s Services appeared first on Money & Markets, LLC.