A dramatic decline in U.S. apartment construction could lead to a shortage of rental housing in the years ahead. This year, developers are expected to start about 87,000 units – less than a third of what they build on average each year. And the outlook for 2011 isn’t much better.
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The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”
U.S. Bank announced on Thursday that Lisa Stark will take on the role of corporate controller. She has been with the company since 2008.