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Huntsville Approves More Apartments


Huntsville recently issued an $18.6 million building permit for yet another apartment complex in the area. Investors seem to be banking on increased demand as there are more announcements of job growth in the area and a shift towards a 'Renter Nation' amid a 50-year low in homeownership across the US. Typically, when you have new jobs coming to the area, oftentimes people will rent for the first six months or a year to learn the area before they buy, which seems to be what investors are banking on.

It definitely feels like we have way too many apartments in the Huntsville, Alabama marketplace and it's going to be really interesting to see what happens. Obviously, this investor is getting their building permits…

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