Dallas-based industry research firm, Axiometrics, has released its latest housing market predictions, and the news bodes well for property managers in certain multi-housing markets tracking the rise in inventory.
The study suggests that starting next year, “the development of new apartments will slow until investors and developers see new supply absorbed and market conditions recalibrated.”
Jim Costello, managing director of America research for CBRE echoed those findings during the company’s Multi-Housing Summit Florida in Miami last month. “We see a little more construction in 2014, but that’s the peak,” he said.
Read more...New Report Hints at Slowing Apartment Development Activity in 2014