Boston Real Estate Search
Coronavirus Casualties.
Add new apartment construction to the long list of coronavirus casualties.
More than 280,000 new rental units are projected to be delivered in the U.S. in 2020, a 12 percent drop from the year before, and a five-year low, according to a new report from Rent Cafe. The report includes developments of 50 or more units in 13 of the most active metro areas.
The Covid-caused slowdown is the result of statewide bans on nonessential construction and has led to fewer available work crews and delays in securing funding and permits.
