In apartments that is.
I have been noting that rents have been going up all over the country. Vacancy rates are also historically low.
These are conditions that make it nice to be a landlord. But these conditions are also good for apartment builders. Builders are responding to the increased demand for rental units and the incentive of increased profits through increased rents by building new apartment complexes all over the country. Here are just a few examples in San Jose, Philadelphia, Charlotte, Nashville, New York City, and Dallas from the past week alone.
If you are in the apartment building business or thinking about getting into it, now is the time.
I wonder if an apartment building boom is in the works? Will it bust someday? Time will tell.
