Undersupplied: Here's how many apartment units are being built in Phoenix
Undersupplied: Here's how many apartment units are being built in Phoenix
While the rest of the nation may be in danger of being oversupplied, metro Phoenix still doesn't have enough apartment units to meet demand. Here's how builders and investors see the situation.
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While the rest of the nation may be in danger of being oversupplied, metro Phoenix still doesn't have enough apartment units to meet demand. Here's how builders and investors see the situation.
While the rest of the nation may be in danger of being oversupplied, metro Phoenix still doesn't have enough apartment units to meet demand. Here's how builders and investors see the situation.
All but one of San Francisco's 20 most recent condo developments are still seeking to unload remaining units, with the bulk of those that opened after March 2020 lagging behind the furthest.
All but one of San Francisco's 20 most recent condo developments are still seeking to unload remaining units, with the bulk of those that opened after March 2020 lagging behind the furthest.
April was the busiest year in recent memory for homebuilding in the Twin Cities, according to a new report.
Throughout the metro area, builders pulled nearly 800 permits for more than 3,600 housing units last month, over three times the units permitted this time last year and more than double March's figure, Housing First Minnesota, the state's homebuilders trade group, reported last week.
Builders in two suburbs to the south of Minneapolis and St. Paul were the busiest in terms of total permi...
April was the busiest year in recent memory for homebuilding in the Twin Cities, according to a new report.
Throughout the metro area, builders pulled nearly 800 permits for more than 3,600 housing units last month, over three times the units permitted this time last year and more than double March's figure, Housing First Minnesota, the state's homebuilders trade group, reported last week.
Builders in two suburbs to the south of Minneapolis and St. Paul were the busiest in terms of total permi...
The cost of nearly everything is on the rise, and rents are no exception. Here's how average rents are trending locally.
The cost of nearly everything is on the rise, and rents are no exception. Here's how average rents are trending locally.
Homeownersβ demand for self storage has been growing in the nationβs largest metros. While the industry has always helped with moving and decluttering, lately, itβs also been answering pandemic-triggered challenges, such as the downsizing of homes and business spaces. In response, the development of new self storage facilities is quite active β which should interest both investors, as well as homeowners seeking to maximize their living space.
For example, the national averag...
Homeownersβ demand for self storage has been growing in the nationβs largest metros. While the industry has always helped with moving and decluttering, lately, itβs also been answering pandemic-triggered challenges, such as the downsizing of homes and business spaces. In response, the development of new self storage facilities is quite active β which should interest both investors, as well as homeowners seeking to maximize their living space.
For example, the national averag...
As mortgage rates continue to climb, the Valley is seeing home price growth continue to slow. Here's what a local expert had to say about the latest numbers.
As mortgage rates continue to climb, the Valley is seeing home price growth continue to slow. Here's what a local expert had to say about the latest numbers.
The Dallas-Fort Worth area has some of the lowest average new home construction values in the country. It also has some of the highest.
The Dallas-Fort Worth area has some of the lowest average new home construction values in the country. It also has some of the highest.
Canβt find the RIGHT apartment building to buy today? Did you every consider BUILDING a new apartment? Vino & Mangesh Patel build apartments in Texas. Listen to this father and son team explain how they went from owning hotels in the 1980βs, then acquiring and rehabbing value add multifamily properties in the late 1990βs and 2000βs and now, BUILD ground-up new construction apartment structures for the last few years. Today, the Patelβs build large 150-200 unit, Class A- apartments in ...
Canβt find the RIGHT apartment building to buy today? Did you every consider BUILDING a new apartment? Vino & Mangesh Patel build apartments in Texas. Listen to this father and son team explain how they went from owning hotels in the 1980βs, then acquiring and rehabbing value add multifamily properties in the late 1990βs and 2000βs and now, BUILD ground-up new construction apartment structures for the last few years. Today, the Patelβs build large 150-200 unit, Class A- apartments in ...
Inflation has increased the cost of building materials by 33% since the beginning of the pandemic.
Inflation has increased the cost of building materials by 33% since the beginning of the pandemic.
Rent growth for apartments looks to have peaked after a tremendous run in 2021, and that could boost some of the real estate stocks that were the early darlings of the pandemic. Nationally rents rose just 0.8% between June and July, one third the growth seen across the same period a year ago, according to RealPage. On an annual basis, rents in July were up 12.2%, compared with 13.8% year-over-year growth in June. The cooling comes amid a downturn in affordability. Rent growth has outpaced income...
Rent growth for apartments looks to have peaked after a tremendous run in 2021, and that could boost some of the real estate stocks that were the early darlings of the pandemic. Nationally rents rose just 0.8% between June and July, one third the growth seen across the same period a year ago, according to RealPage. On an annual basis, rents in July were up 12.2%, compared with 13.8% year-over-year growth in June. The cooling comes amid a downturn in affordability. Rent growth has outpaced income...