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Many developers rely on the $1.4 billion Green and Resilient Retrofit Program.
An increasing budget deficit and more expensive debt are impacting the country’s economy.
In part, this is because the quality of life in apartment rentals has improved over the years.
Permitting decreased in the Northeast and West, while increasing in the Midwest and South.
Older buildings are especially in play as investors are more willing to sell those assets.
Multifamily and office loans were among the most likely to be extended.
Nearly 545.1 million square feet of industrial space has been absorbed in the region since 2019.
The market is trying to absorb thousands of newly displaced families.
All but two of California’s major metros had annual job losses in January.
The United States added nearly 2.2 million people in large metros last year.