The supply of new construction has experienced moderate decline in the past 3 years as measured by the new construction permits.
Location preference is a key factor in making investment decisions in real estate. The desirability of investing in multifamily real estate is more complicated as the confluence of demographics, economic growth and other factors influence the decision to purchase multifamily properties. Recent survey conducted by the Urban Institute in collaboration with PWC and input from industry groups and institutional investors provided the below graph. The graph shows the intent to acquire multifamily real estate assets in descending order for key US cities. One of the highly desirable cities for investments