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Tim Bruss shares insights on prioritizing upgrades and maximizing ROI to attract and retain residents.
ReadApt. Starts Remain Volatile in May
New multifamily construction declined 1.2% in May after increasing by 11.9% in April, according to data from the Census Bureau and the Department of Housing and Urban Development. Meanwhile, building permits were up month over month and year over year.
Nationwide, new residential construction declined 0.3% from April, with new starts reaching a seasonally adjusted annual pace of 1,164,000, a 9.5% increase from the same period last year. Single-family housing starts increased 0.3% to an annualized 764,000, while starts in properties of five or more units reached 396,000.
Read more at GlobeSt.com
Company News
Justin Fossum and other thought leaders detail the wide array of data and factors that multifamily investment firms employ when identifying markets for new acquisition opportunities.
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Hamilton Zanze’s successful renovation efforts included upgrades to the apartment homes, building exteriors, common-area amenities and landscaping. The improvements focused upon enhancing the resident experience and enabling the
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