Apartment construction has reached its highest monthly pace since the
beginning of 2006.
So far, demand has been keeping up, but some executives and brokers say
the highs in the multifamily sector can't last forever. "Sure, the
market has been
resilient, and most of the new construction has leased quickly up to
this point. But
with every new building that delivers, concerns that the market will
become oversaturated and existing properties will feel the effects of
increased competition become all the more real. In fact, in some metros,
this dynamic has already begun to play out, "Read more.
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