There is a tidal wave of new renters coming into the market and there has been
little apartment construction to meet this growing demand.
Not exact matches
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.
The
apartment market was strong enough to absorb a
little new
construction, as the
apartment inventory increased 0.4 percent in 2012.
Further, owners retain
little incentive to construct new rental units, bringing new
apartment construction to a virtual halt, taking with it local
construction jobs and tax revenues.