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Condo Construction Boosts Building Stats

In April, condominium and apartment constructions helped boost the overall number of new housing starts to their highest levels in over two years. Builders in San Francisco, however, are standing down. The venerable Allan Mark (father of the Mark Co. and, more importantly, Minty Fresh) claims that multifamily construction all but halted in April as financing became difficult and construction costs increased. About 1,838 condo units are underway in the city, while 7,203 or so are approved by have not yet broken ground. [SF Gate]