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Multi-Family Construction Builds in South

Posted on February 27, 2012 in News

KBS has a long history in multi-family construction, and we’ve continued to attract new projects even in a tough economy. During the past five years, KBS has built more than 335 million dollars in multi-residential projects, representing nearly 5,000 units totaling more than five million square feet throughout Virginia.

Bloomberg reports: “Work on multifamily homes that include townhouses and apartment buildings last month climbed 8.5 percent to an annual rate of 191,000 after a 28 percent slump in December…In the South, construction jumped 18 percent to a 388,000 annual rate, the fastest since October 2008.” (Read more.)

A few of KBS’s multi-family projects currently under construction include: