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WASHINGTON, DC-Nationwide housing starts rose 15% to a seasonally adjusted annual rate of 658,000 units in September, according to US Commerce Department statistics. Driving this growth was the multifamily sector, which saw starts rise by 51.3% for the month. The jump raised concerns, at least at one analyst firm, BMO Capital. The firm foresees trouble with multifamily REITs because of the excess supply entering the pipeline, according to the Wall Street Journal.

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