- Starts for buildings with five or more units dropped 12.6% year over year to a seasonally adjusted rate of 326,000 in October, according to a monthly report from HUD and the U.S. Census Bureau. They rose by 9.8% from September.
- Multifamily developers completed an annualized 615,000 apartments in buildings with five or more units in October, a 61.4% YOY jump and a 9% decrease compared to September.
- At the end of October, 804,000 units were under construction, a
19.2% YOY declineand a 3.5% month-over-month decline.
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This website has good information, thanks for posting!
Do you know SRO buildings? I wish they would build more of those. I think so many people would be interested in that if it was profitable to the builders.
I don’t what are they?
It is a single room occupancy. It means it is just a room in a building that is rented out. Usually you share a bathroom and kitchen.
dormitory or hostel
Hostels are a bunch of beds in a room, right? SROs are similar to dorms, I guess.
or Bed and Breakfast type
Hostels lack the prestige of Motel 6.
Single room occupancy is fine if you are in college or early 20s.
Shared bathroom is a dealbreaker for me. I don't like sharing a bathroom with family lol
I think it depends on how clean everyone is. And if there is a janitor that cleans them? In theory, it is just a place to sleep. You arent doing much there.
usually 4 beds in one room
Otherwise it resembles NHS ward in England