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Real Estate Briefing - Categorized | Construction, Developers more

Apartment construction rising, and so are rents

Posted on 21 November 2011

Builders have found a way to make money in a decrepit home market: apartments. The number of permits to build apartments jumped to a three-year high last month. In 12 months, they’ve surged 63 percent.
Blame the housing bust, which left many people without the means, the credit or the stomach to buy. More people need apartments. The demand has driven up monthly rents. And apartment builders are rushing to cash in………………………………………..Full Article: Source


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