- Starts for buildings with five or more units dropped 12.6% year over year to a seasonally adjusted rate of 326,000 in October, according to a monthly report from HUD and the U.S. Census Bureau. They rose by 9.8% from September.
- Multifamily developers completed an annualized 615,000 apartments in buildings with five or more units in October, a 61.4% YOY jump and a 9% decrease compared to September.
- At the end of October, 804,000 units were under construction, a
19.2% YOY declineand a 3.5% month-over-month decline.
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Do you know SRO buildings?
I wish they would build more of those.
I think so many people would be interested in that if it was profitable to the builders.
I don’t what are they?
It is a single room occupancy.
It means it is just a room in a building that is rented out.
Usually you share a bathroom and kitchen.
dormitory or hostel
Hostels are a bunch of beds in a room, right?
SROs are similar to dorms, I guess.
usually 4 beds in one room
Otherwise it resembles NHS ward in England
or Bed and Breakfast type
Hostels lack the prestige of Motel 6.
Single room occupancy is fine if you are in college or early 20s.
Shared bathroom is a dealbreaker for me. I don't like sharing a bathroom with family lol
I think it depends on how clean everyone is.
And if there is a janitor that cleans them?
In theory, it is just a place to sleep.
You arent doing much there.
This website has good information, thanks for posting!