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Multifamily Builders Snapping Up Land to Offset Costs
To counteract the rising land costs prevalent in most active housing markets these days, multifamily builders and developers have begun acquiring larger tracts than they need and selling off the excess land to other builders.
As a solution to escalating construction costs, some builders, developers and equity partners addressing NAHB’s Pillars of the Industry multifamily conference in Scottsdale, Ariz. last week also suggested buying building materials in the commodities markets.
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