Tag Archives: multifamily

Apartment Building Bubbles as Single-Family Homes Struggles

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U.S. builders ratcheted up new construction in March, but the growth was entirely in apartment buildings. As rental demand shows no sign of abating, multi-family housing starts jumped 27 percent from February and a staggering 82 percent from March of 2012, when seasonally adjusted. These starts are now running at an annualized pace of 392,000, far higher than the ten-year historical average of 238,0000.

Read more: http://www.cnbc.com/id/100646124

Multi-family housing on the rise in GP

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In a city such as Grande Prairie where demand for housing far outweighs supply, the latest numbers released by Canada Mortgage and Housing Corporation suggest help could be on the way.

According to CMHC, numbers are up across the board in Grande Prairie after the first quarter of 2013, with the biggest increases happening in multi-family complexes (which includes semi-detached, row and apartment units.)

Read more: http://tinyurl.com/czmcajz

CMHC stats show spike in multi-family dwelling starts

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While recent statistics from the Canadian Mortgage and Housing Corporation (CMHC) show a decrease in single-family developments in Grande Prairie, the market is anything but slowing.

Single-detached home starts in January dropped 36% from 2012 to 2013 – 14 and 9 respectively – but multi-family dwelling starts are up close to five times the 2012 total.

In January 2012, there were two multi-family dwelling starts, while in 2013, there were nine.

Read more: http://tinyurl.com/bgsqnf4

 

Change is Coming

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Demand for apartments is set to increase dramatically by 2020; compensation in the apartment industry will continue to rise faster than the rate of inflation; hospitality companies may seek to acquire an apartment REIT or privately held multifamily company by 2020; and over 50 percent of today’s senior leadership will pass the baton by 2020.

Read more: http://tinyurl.com/brwodoq