Tuesday, November 1, 2011

Developers Reportedly Actively Moving to Construct Apartments

Two-thirds (67%) of developers surveyed last quarter by the National Multifamily Housing Council said construction activity is underway, and 20% are breaking ground on new projects at a rapid clip. The other 47% reported an increase in pre-construction activities—acquiring land, lining up financing, getting building permits—but not much actual construction yet.

Read more: Too Many Renters, Too Few Apartments