Green Touch Builders | Albany metro can absorb even more new apartments, HUD says
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April 20, 2015 By SEO Admin

Albany metro can absorb even more new apartments, HUD says

The new apartments being built in the Albany, New York region will satisfy just over half of the anticipated demand for rental units over the next three years, according to a report by the U.S. Department of Housing and Urban Development.

That’s welcome news for developers, builders, lenders and property owners as the multi-family sector remains robust across the region, with hundreds of units under construction or in the pipeline.

HUD estimates demand for 2,690 new, market-rate rental units over…