Affordability in High Demand in the Southeast
The Sunbelt region of the Southeast has long been a center of activity for multifamily investment, and according to a recent story on GlobeSt.com, new construction isn't keeping up with the overall growth in the renter market.
“Growth is a good thing for these markets, but the supply issues are making it more expensive to live there,” explains Autin Graham, senior associate at MAthews Real Estate Investment Services.
Although the southeast is setting records in developing market-rate units, building new affordable units continues to lag behind. Graham predicts that increased attention from the government and incentives for developers could help ease the growing pains.
Read the entire article HERE.