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WHY AREN’T WE BUILDING NEW CLASS B APARTMENTS?

October 2, 2018, Author: Mark Graffagnino

By Mark Graffagnino mark@ashfordgroup.us October 2018 We hear it over and over again…there is a shortage of affordable housing.  Pretty much any city in any region, it’s the same story, a lack of workforce, or blue-collar housing.  (For this analysis, I will be analyzing Class B product as affordable, middle class, workforce housing.  True low [...]

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WHY HAVE APARTMENT CONSTRUCTION COSTS CONTINUED TO RISE?

September 8, 2018, Author: Mark Graffagnino

Over the past 25 years in the Multifamily space, I’ve seen a lot of changes.  One constant change, which had been fairly predictable, has been construction costs; they historically rise and fall with the market, while overall trending upward slightly with inflation.  But recently, about the past three years or so, construction costs have kept […]