Study: US needs to build more apartments to meet demand

TRD New York /
Jun.June 16, 2017 04:00 PM

The U.S. will need to build 4.6 million new apartment homes in all price points by 2030, according to a new report commissioned by the National Multifamily Housing Council and the National Apartment Association. Currently there are 39 million people living in apartments and the industry is fast approaching being over capacity, the report states. The news augurs well for the construction industry, as a minimum of 325,000 new apartment homes need to be built per year to meet demand, according to the study. From 2012 to 2016 only 244,000 apartments were delivered. [Globe Street]


Related Articles

arrow_forward_ios
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork’s side businesses are fizzling

Joel Schreiber (Credit: Shir Stein and Wikipedia)

WeWork’s first investor used his stock as collateral. Now his lenders are suing him

Tenants at “dozens of buildings” in LA receive eviction notices ahead of California’s new rent law

Nicolai Ouroussoff and Cecily Brown with 125 East 10th Street (Credit: Columbia GSAPP via Flickr, Wikipedia, and StreetEasy)

No criticism here: Nicolai Ouroussoff, Cecily Brown buy E. Village house for $7.75M

NYCHA strikes air rights deal with developer, WeWork shuttering its pricey private school: Daily digest

Alex Rodriguez

Watch: A-Rod on the benefits and pitfalls of being a celebrity investor

arrow_forward_ios