NYC Rental Market

Apartment construction showing signs of
a slowdown Units unde上海千花网交友

r construction leveling off from 42-year high reached in early 2017

Multifamily construction

The red-hot U.S. apartment construction market is starting to cool down.

Although the apartment supply skyrocketed in recent years, largely in response to the recession, multiple reports now show it may have reached its peak, according to Bloomberg.

A new report from the U.S. Department of Commerce showed that multifamily units were being completed in October at their fastest annualized rate in about 30 years, and after hitting a 42-year high at the beginning of 2017, the pipeline of apartments under construction has started to level off.上海千花网龙凤论坛


Construction on apartments could drop by 8 percent in 2018, which would be the second consecutive year of decline, and rental vacancies have hit a two-year high.

This shift could lead to slower increases in rent and make more co新爱上海同城对对碰论坛

nstruction workers available to work on other projects, such as single-family hom爱上海同城手机版

es.  [Bloomberg] – Eddie Small

Tags: construction, Development, NYC apart爱上海同城论坛

ments, NYC Rental Market, Residential Real Estate
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