With a few exceptions, apartments developers shouldn’t worry too much about the building cranes looming over hot apartment markets—overall supply is in line with demand for rental housing, according to “The State of the Nation’s Housing 2013,” a report released by the Joint Center for Housing.
“So far, the indicators point to a healthy recovery,” according to the report. The Joint Center’s deep dive into recent housing data was full of good news this year—particularly for apartment experts. Demand for apartments is likely to continue to be strong and healing for-sale markets pose little threat to multifamily, according to the report. However, weak income growth will continue to put pressure on rental housing residents. And a handful of markets face some risk of oversupply.
Strong demand will continue to fill apartments
Read more...Deep Strength for Apartment Fundamentals | Multifamily content from National Real Estate Investor
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.