Rising interest rates are killing the single-family housing market, which in turn is powering a multifamily construction boom at a level not seen since 1986. Nationally, permits to build multifamily housing, which included rental units, jumped 28 percent in August compared to July, while permits for single-family dwellings were up just 3.5 percent, according to … Continue reading Mortgage Rates Slay Single-Family Market But Power Multifamily Development