NAA Industry Insider: Are There Too Many Apartments in the U.S.?

A surge in apartment construction in the United States is making investors and builders wary as concerns grow that the market may become overbuilt. Jim Costello, managing director of America research for CBRE, warned a recent multi-housing conference in Miami that the current pace of construction cannot be maintained. He also predicted that the multifamily housing development boom should wane by the end of 2014.

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