Multifamily starts are expected to fall 11% this year to 349,000 units from a projected total of 392,000 in 2020. The downturn will be short-lived, as multifamily production is expected to post modest gains in 2022, up 5 percent to 365,000 units.
The Home Depot announced it has entered into a definitive agreement to acquire HD Supply Holdings, a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The acquisition is expected to position The Home Depot as a premier provider in the MRO marketplace.
What do you do when the gas line serving multifamily housing is compromised and shut down on a Friday afternoon? Phoenix-based Air & Water Mechanical Services would tell you to reach for Viega, of course.
The multifamily housing market is proving to provide both manufacturers and distributors a strong business avenue, even during the pandemic stricken era of 2020.
