Though multifamily starts rose almost 40 percent in April and permits approached historical high, many observers still appear unconcerned about over development.
As the rise of the single-family market puts pressure on the costs to build, laborers are finding themselves in a pinch.
Apartment sales are abysmal, according to the latest quarterly survey on apartment market conditions, released this week by the Washington, D.C.-based National Multi Housing Council (NMHC).
Although investment banks continue to disappear from the landscape, Federal Deposit Insurance Corp.
In the history of Equity Residential, there have only been two quarters when the Chicago-based REIT didn't buy any assets. One of those two quarters just endedthe third quarter of 2008.