Another big year for multifamily construction could push housing starts up 13% in 2012 after posting a 4% increase last year, according to a new forecast from Wells Fargo Securities.

"Strong demand for apartments should help boost multifamily starts by at least 25% in 2012. Overall starts should rise to 690,000, which would be the best year since 2008," the Wells Fargo economics group said in its monthly Housing Data Wrap-Up report.

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