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Apartment Construction Projected to Reach Historic Highs in 2024

Appraisal Buzz

is expected to set new records for apartment construction. By the end of 2024, developers plan to have completed an astounding 518,108 rental units, a startling 30% more than in 2022 and 9% more than in 2023. The overall impact on the number of developers might vary by region,” Ressler said. “In

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Florida theme parks creating more housing for employees

Housing Wire

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year.

Tenants 448
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Some say Austin’s rental market might collapse. That’s not reality

Housing Wire

of existing supply, with another 38,000 of apartment units under construction (12.2% We believe rates (including financing rates) staying higher for longer will delay any rebound in construction activity in the near term,” he wrote. of existing supply) that will be delivered over the coming months,” Lawrence wrote.

Marketing 370
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Which Markets Are the Nation’s Renters Targeting?

Appraisal Buzz

In addition, mixed-use developments are bringing in new apartments, retail, and public spaces, while older buildings are being converted to residential spaces through adaptive reuse projects. Washington, D.C. Washington, D.C.

Marketing 397
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The Fed pauses its rate hikes for now, will it last?

Housing Wire

Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. next year and to reach 2% in 2026, he added. The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. a year earlier. “The this year, 2.5%

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DataDigest: Water wars in the Southwest

Housing Wire

Arizona state officials announced last week that there is not enough groundwater for all of the construction that has already been approved in the Phoenix area. The HBACA noted that development of industrial and commercial buildings can continue, but homebuilders are restricted unless they find alternate water sources.

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Fannie Mae Releases 2025 Economic Outlook 

Appraisal Buzz

In addition to navigating uncertainty around present and future economic development, financial markets are attempting to ascertain the final neutral rate for the fed funds rate. Significant tariffs or a noticeable slowdown in immigration, however, indicate both an upside risk to inflation measures and a downward risk to economic development.

Inventory 240