The apartment building boom will lose some steam in 2016.
Apartment starts this year will be up only modestly or could be flat after several years of sharp gains.
In 2014, nationwide apartment starts rose 14 percent, and they were up 12 percent last year.
“2016, I think, will be only about 5 percent above 2015,” David Crowe, chief economist with the National Association of Home Builders, said Wednesday at the housing industry’s annual meeting in Las Vegas. “I am seeing a bit of tempering in these raging increases.
Read more...“Fiery” rental construction to cool | Dallas Morning News
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