The supply of new construction has experienced moderate decline in the past 3 years as measured by the new construction permits.
The supply of new construction has experienced moderate decline in the past 3 years as measured by the new construction permits . Favorable employment and wage trends will yield to improved vacancy rates.
In aggregate, the multifamily real estate industry is in a good position compared to others and many analysts believe that its growth potential exhibits characteristics of a ‘late-cycle prolonged’ growth