1. Slow & steady will win the race looks like the moral of the Multifamily Housing Recovery noted above.
    For now, a little bit of under-building (350,000 units needed with 299,000 units in the supply queue) may be good for residents as well as the industry.

    Keeping supply & demand in balance is always the key (and hard to do given the size and diversity of the United States combined with the 2-4 years to complete a typical project). It seems like the low interest rates are still not over-heating the building of supply AND as long as the banks & funding sources are approving good construction projects, good projects will be delivered in quantities desired by renters.
    Chris Foley
    Sr. V. P.
    Seniors Housing Brokerage & Advisors