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Construction permits for multifamily housing rose 9% in July compared to June.
Converting unused office buildings into apartments or condos could ease the housing supply. But after a high-profile engineering failure, will people want to move in?
A Realtor.com report found that there was a 1.7% decrease in rent prices compared to April of last year. The reason? More supply and less demand.
New data from Zillow shows renting is getting more affordable thanks to new supply.
Construction of buildings with five units or more was up nearly 29% in April from last year.
After booming early in the pandemic, apartment construction has fallen off. That means fewer new units and higher rents in the coming years.
Multifamily housing was a big part of the increase. But there is still high demand for single-family homes.
Melissa Mesku happened upon the perfect rent-stabilized apartment on Manhattan’s Lower East Side. How did she beat the odds?
Medium-density housing is cheaper than traditional homes and might be a better fit for today’s American family, says columnist Heather Long.
Builders are shying away from multifamily homes because of supply and cost issues. But single-family homes are cheaper and faster to build.