DALLAS—Industry experts met via webinar Wednesday to discuss the state of the country's multifamily market. The 2015 Kickoff Webinar of Apartment Development, hosted by locally based Humphreys & Partners Architects LP, focused on the sector's key components including design and finance-related issues.
Doug Bibby, president of the National Multifamily Housing Council, spoke about broad-based concerns, including supply and demand (still unbalanced), starts and completions (there's an uptick) and whether the market is overbuilt (no, not as of yet, he said).
“It's not clear if renting is the 'new normal,” Bibby said, adding that today, President Obama will give a housing-related speech related to FHA down-payments.
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