Condos Left Out of Housing Rebound.

The article states that construction of condominiums accounted for only 5.5 percent of all multi-family housing construction in the U.S. during the first financial quarter of 2015. According to the article, the U.S. agency the Federal Housing Administration (FHA) placed restrictions on condominium lending standards between 2008 and 2012. The article discusses preferences for condominium construction among real estate developers because of rates of return. The article presents comments from New York City real-estate consulting firm the Weitzman Group senior vice president Peter Bazeli.