After years of booming construction, America's apartment-building binge is cooling.
Nationwide apartment starts dropped by about 8 percent in 2017, with more declines forecast in 2018 and 2019.
"The cycle for apartments is leveling off," said Robert Dietz, chief economist with the National Association of Home Builders. "Rental vacancy rates are rising and rent increases are slowing.
Read more...Builders dialing back apartment starts across the country | Real Estate | Dallas News
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.