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).
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.
Although investment banks continue to disappear from the landscape, Federal Deposit Insurance Corp.