It’s natural to worry about whether apartment markets will get overbuilt.
The development pipeline is robust. But market researchers at the at National Multi Housing Council’s annual meeting, held January 22-23 in Palm Springs, Calif., said that the sector remains in the clear—for now. While the pipeline in some markets is at worryingly high levels, the national supply is within normal levels.
Apartment developers now have plans to build roughly 1.4 million new apartments nationally, according to data from NMHC. More than half of the apartment companies report they are buying developable land, lining up financing … Full Article