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WASHINGTON, DC–A new index has been developed that calculates the difficulty of building new apartments in 50 metro areas in the US. Called the Barriers to Apartment Construction Index, it takes into account a wide range of factors including local regulations, the amount of land to develop and the prevalence of “Not in My Backyard” activity, or NIMBY-ism.
The index is part of a larger body of research by Hoyt Advisory Services that was
commissioned by the National Apartment Association and National Multifamily Housing Council.
It is the product of two existing indexes — the Wharton Regulatory Index and the LaCroix Natural Supply Limits Index, Caitlin Walter, director of Research for the National Multifamily Housing Council tells GlobeSt.com.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
