4. A wave of new luxury apartments is due to open this year, increasing competition for top-end renters.
3. Affordability challenges for Class-C apartments
Rents are about as high as they can get for class-C apartments without some corresponding boost to the income of lower-income residents.Wages are flat for workers without college degrees.
2. A struggle to find construction workers. The string of hurricanes has created a huge need for construction labor.
1. Congress could pass a tax reform package that changes the laws that govern how apartment deals are treated in the tax code.