Higher Interest Rates Begin to Impact Multifamily and Construction Delays in the Apartment Industry Ongoing as Costs are on the Rise
Increasing Cost of Capital Causes Sales Volume to Drop Apartment sales volume fell while both equity and debt financing became more costly, according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2022. However, demand in most markets was still strong relative to supply. “Continued interest rate hikes from the Fed have…
