Tight labor market curbs job creation. The U.S. economy added 20,000 jobs in February, the lowest monthly total since September 2017. While the partial government shutdown and winter storms contributed to last month’s meager showing, the pace of hiring should recover in March.
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Selling an Apartment Building FAQ’s
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If You’re Hesitant To Hire A Broker For Your Multifamily Property Read This
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Rent Control reduces the supply of rental units, increases prices for properties not covered and prevents those most in need from benefiting.
Despite ongoing efforts to address the nation’s workforce housing crisis, it remains a critical issue in 2019, leading to a renewed push for rent control.
Rent Control reduces the supply of rental units, increases prices for properties not covered and prevents those most in need from benefiting.
Multifamily developers don’t know what to expect when it comes to budgeting for materials prices. Apartment developers continue to be stressed by the unpredictable cost of construction materials.
A construction wave was supposed to test the downtown market this year, with competition from 4,400 new apartments—an annual record—hampering landlords’ ability to keep hiking rents and possibly even pushing rents down. Overbuilding often ends real estate booms, and the risk of that happening in Chicago seemed to be growing at the end of last year.