In a piece just out today ReisReports says that new apartment starts have been postponed to 2014 by many developers.
The “bubble” now shows up in 2014, but if economic growth ramps up, then additional supply will most likely be absorbed relatively painlessly.
But not all Metros escape. The report mentions Washington DC and suburban Maryland as two of those who will still see large increases in supply next year.
Interestingly they name Seattle as a market that should be able to absorb the new supply coming because Continue reading Risks to Apartment Overbuilding Averted, For Now says ReisReports