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Not sure where this says America has stopped building condos. In Miami, there are so many active condo construction projects that they won’t sell through for s
by anomaloustho 8y ago
Not sure where this says America has stopped building condos.
In Miami, there are so many active condo construction projects that they won’t sell through for several years.[3]
This data implies that rentals are going up because Americans are buying less. (likely due to the cost of housing)) [1] Older generations are also more likely to rent than before. [2] It makes sense that rental construction is increasing, but the article says that condo construction remains the same.
[1] https://www.usatoday.com/story/money/2018/10/19/housing-market-slowdown-helping-home-buyers/1687082002/ https://www.usatoday.com/story/money/2018/10/19/housing-mark...
[2] https://www.rentcafe.com/blog/rental-market/real-estate-news/todayrenterprofile-older-highly-educated-suburban https://www.rentcafe.com/blog/rental-market/real-estate-news...
[3] https://www.miaminewtimes.com/news/downtown-miami-has-six-year-luxury-condo-backlog-study-warns-10613118 https://www.miaminewtimes.com/news/downtown-miami-has-six-ye...