Sentences with phrase «apartment construction market»

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

Not exact matches

Additionally, Amazon workers earning six - figure salaries can afford more expensive apartments than the current median price, indicating much of the new construction will be at the luxury end of the market to appeal to these workers.

Although renting is gaining market share from home ownership, recent increases in apartment construction suggest that rents increases won't be strong enough -LSB-...]

De Blasio is also is calling for an overhaul of housing programs and tax incentives to spur the construction of tens of thousands of apartments for poor New Yorkers, as well as teachers, firefighters and other workers, who increasingly find themselves priced out of a booming real estate market and rapidly gentrifying neighborhoods.

The governor undercut the mayor by arguing that state law should obligate developers — who endorsed Mr. de Blasio's ideas — to pay construction workers prevailing wages, a requirement Mr. de Blasio asserted would cost the city dearly needed new below - market apartments.

Alicia Glen, Mayor Bill de Blasio's deputy mayor for housing and economic development, told the City Council today that obligating developers who receive the controversial 421a tax break to pay construction workers prevailing wages could result in 17,000 badly - needed below - market apartments not getting built — and argued that the demand for low - cost housing trumps the call for union jobs.

The de Blasio administration already received $ 300 million during the first half of the calendar year and was hoping for at least $ 200 million more to finance construction of below market - rate apartments.

The 421a abatement — the sine qua non of Mr. de Blasio's proposal to construct 60,000 new below - market apartments — expired in January after an ill - fated decision by Mr. Cuomo and the legislative leaders to have the real estate industry and unions negotiateinclude new prevailing wage requirements for construction workers.

The mayor will push for construction of 160,000 new market - rate apartments in addition to more affordable units.

There is a tidal wave of new renters coming into the market and there has been little apartment construction to meet this growing demand.

«Sufficient rental demand will enable property managers to lift rents in virtually every major and secondary metro nationwide, except for the most heated housing markets and in markets where apartment construction is robust,» says Steve Hovland, director of research at HomeUnion, an online real estate investment management firm.

More than US $ 100 billion worth of infrastructure is expected to be developed by 2022 including the construction of 77 new hotels and 42 hotel apartments in Qatar bringing a total of 21,107 new rooms into the Qatari hospitality market.

Adept at creating and implementing sales and marketing strategies for a diverse group of product lines in industries including: construction, new residential and commercial developments, mixed use, apartment and high rise condo projects, as well as vacation and resort community developments.

The pullback on apartment construction loans is most noticeable in those markets around the country that have seen a spike in construction over the past three to four years.

If the law comes to fruition, there goes the condo market and the little bit of apartment construction that started over the past couple of years.

In the apartment sector, the pace of new construction is finally slowing in many markets after considerable building in recent years.

«The story in these markets is the apartment story writ large: the high levels of apartment construction are not enough to house the 1.2 million or so new households formed each year without increased single - family construction,» says John Affleck, research strategist with the CoStar Group.

The apartment markets are likely to be challenge by new construction this year.

Despite all the construction cranes on the horizon, apartment owners and managers feel that the national apartment market is getting tighter, with even more demand from renters, as they have for the last year, according to April's «Quarterly Survey of Apartment Conditions» from the National Multifamily Housing Counciapartment owners and managers feel that the national apartment market is getting tighter, with even more demand from renters, as they have for the last year, according to April's «Quarterly Survey of Apartment Conditions» from the National Multifamily Housing Counciapartment market is getting tighter, with even more demand from renters, as they have for the last year, according to April's «Quarterly Survey of Apartment Conditions» from the National Multifamily Housing CounciApartment Conditions» from the National Multifamily Housing Council (NMHC).

Yet some banks are taking their foot off the gas pedal for apartment construction loans in select markets where there are growing concerns of concentration risk.

Single - Family to Lead 2014 Construction Market Household Formation to Outpace Apartment Boom Micro-Apartments Becoming the New Rage

A swath of new apartment construction coming onto the market is forecast to lead to an uptick (0.1 percent) in the multifamily vacancy rate.

«The flood of new construction in 2017 is placing downward pressure on rents in some markets, specifically New York and San Francisco, which have been struggling with apartment rent growth,» says S&P's Yanushevsky.

Some are watching fast - growing secondary markets closely to see how they absorb the new apartments now under construction.

Here are the top 15 markets for apartment construction in 2017, according to information on completions provided by commercial real estate data firm Axiometrics.

At the same time, multifamily landlords including Equity Residential have contended with weakness in markets including Manhattan and San Francisco, where an apartment - construction boom has given residents more bargaining power and limited how much owners can raise rents.

A strengthening national economy is help to provide demand for the apartment markets, and the new apartments under construction seem likely to find renters.

Athens, whose job market is being buoyed by numerous construction projects on the UGA campus as well as the building of Caterpillar's new $ 200 million plant, has seen 13 apartment property sales, totaling more than $ 68 million and more than 1,540 units, in the past year.

Nashville has recently found itself as a national leader in terms of apartment construction activity as developers are drawn to the metro by a strong economy, favorable demographics, and a healthy apartment market.

Fundrise has already funded three projects in Seattle — the development of a modern apartment building in First Hill, an acquisition and pre-development loan for land in East Capitol Hill, and the construction of a Single Family Home — and continues to look for new opportunities in the growing market.

Meanwhile, the top four year - to - date leaders logged negative year - over-year changes, suggesting normalization of apartment construction activity in the nation's largest markets.

The U.S. apartment market has seen elevated construction levels in this cycle.

Axiometrics analysts attributed the weaker rental market in Chicago to slow job growth, which is suppressing apartment demand at a time when new construction has produced a huge supply of rental units.

Mike Scott, with Dupre + Scott Apartment Market Investment Research, who spoke at a recent CCIM luncheon on March 22nd about the current state of the market and all the factors that play into its success including construction, the economy, demand and trends, confirmed asMarket Investment Research, who spoke at a recent CCIM luncheon on March 22nd about the current state of the market and all the factors that play into its success including construction, the economy, demand and trends, confirmed asmarket and all the factors that play into its success including construction, the economy, demand and trends, confirmed as much.

And he says investors are already becoming more cautious about the booming apartment market because of the huge construction volumes.

According to the report, close to 30,000 new units were added during the course of the year, whilst over 90,000 new homes (apartments and villas) could enter the market during the period 2018 to 2020, depending on construction delays.

Metros Seeing the Largest Shifts in Apartment Construction Starts Across the country, the current apartment development cycle is expected to peak in 2017, when the nation's top 100 apartment markets receive more than 360,000 scheduled new Apartment Construction Starts Across the country, the current apartment development cycle is expected to peak in 2017, when the nation's top 100 apartment markets receive more than 360,000 scheduled new apartment development cycle is expected to peak in 2017, when the nation's top 100 apartment markets receive more than 360,000 scheduled new apartment markets receive more than 360,000 scheduled new -LSB-...]

The Nation's Top Apartment Markets for Inventory Growth, Construction Pipelines Developers are building properties at a quicker pace than at any time over the past two decades.

Demand for apartments continues to be strong in Orange County, where high construction costs and surging land values maintain the housing market as one of the most expensive in the country.

The number of U.S. apartment units being authorized for construction is easing — but the most active markets for permits register accelerating activity.

Apartment vacancy is expected to hold at 5.8 %, according to Marcus & Millichap, but competition from single - family and residential condominiums being offered for rent by individual owners will hurt those markets where for - sale residential construction was most active in recent years.

CoStar has picked out the apartment markets with the highest levels of construction currently underway compared the existing inventory of apartments.

In a Los Angeles Times article, «Apartment Construction Surges Across the Southland Amid Rising Rents,» published in May 2014, Eric Sussman, a real estate lecturer at UCLA's Ziman Center for Real Estate and the head of several real estate firms that own Los Angeles apartment buildings, remarked: «The stuff that's coming on line — it's all class A. And if you're going to build class A, you've got to be in a good markeApartment Construction Surges Across the Southland Amid Rising Rents,» published in May 2014, Eric Sussman, a real estate lecturer at UCLA's Ziman Center for Real Estate and the head of several real estate firms that own Los Angeles apartment buildings, remarked: «The stuff that's coming on line — it's all class A. And if you're going to build class A, you've got to be in a good markeapartment buildings, remarked: «The stuff that's coming on line — it's all class A. And if you're going to build class A, you've got to be in a good market.»

As construction rebounds and the number of Americans demanding apartments continues to grow, many states and metro areas will experience significant economic benefits from expanding markets for apartments.

«Apartment construction has been on a tear in certain markets,» CoStar says.

The apartments markets with the highest levels of construction compared to the existing inventory of apartments are mostly smaller cities with relatively low barriers to development.

The apartment market was strong enough to absorb a little new construction, as the apartment inventory increased 0.4 percent in 2012.

Hang on tight — optimistic projections that apartment markets can absorb high levels of new construction are going to be tested soon.

Instead of paying the city directly, it funded 15 below - market - rate units in the apartment complex, guaranteeing the construction of affordable housing.

Earlier this year, when Ernest & Young Real Estate and Construction Services named the 10 most undervalued and underbuilt apartment markets, Los Angeles, Riverside / San Bernadino, San Jose and Oakland ranked in the top four places.