Thursday, June 29, 2017

Portland Ranks #21 out of 50 Metros on Barriers to Apartment Construction Index

The National Multifamily Housing Council and the National Apartment association commissioned a report from Hoyt Advisory Services ranking the 50 metros based on how difficult it is to build new apartment units. Portland ranked #21 on the list, while Seattle ranked #7 and San Francisco #8. Austin fared much better - it ranked #35 out of the 50 metros. The metro area with the highest barriers to apartment construction was Honolulu. The data is compiled on the We Are Apartments website, where users can search for specific states or metro areas to learn more. For Portland, Hoyt predicts that the metro will add 47,000 new households by 2030, but only 33,230 units are likely to be built by that time. Read more.