Condo share to decline as rentals rebound

Speculators blamed for oversupply in condo market

The share of condominium units among all multifamily housing starts rocketed from just above 20 percent in 2003 to about 48 percent at the end of 2005, though that share is expected to fall back as the condo market cools, the economist for the National Association of Home Builders said this week.

David Seiders, the builder trade group’s chief economist, said he expects the share of condo starts to dip to about 35 percent by late 2007.