Apartment Construction Begins to Slow Down
October 30, 2018 / Bendix Anderson
Apartment developers took out fewer building permits in September, stymied by rising interest rates and construction costs. Apartment building developers may finally take a breather in their rush to build new units. “Starts will begin to slow down soon, translating into more moderate development activity by late 2020,” says Jeanette I. Rice, America's head of multifamily research for CBRE Research.