Huntsville Apartment Oversupply | Are there too many apartments in Huntsville? New report looks at the boom

Are there too many apartments in Huntsville? New report looks at the boom Huntsville’s apartment boom has led to an oversupply of units in the fast-growing metro area, according to a recent report. We got ahead of ourselves. ...“Huntsville is currently overbuilt with apartments, and until that excess supply is absorbed, we’re going to see a slowdown in new multifamily construction,” Realtor Matt Curtis added. “ We’re seeing the effects of oversupply — one to two months of free rent incentives, declining rents, and higher vacancy rates. That’s not a climate where developers are eager to build. ...“Occupancies are down, values are down, expenses are up,” Wilson said ” Reference: www.al.com
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Alabama Pork King Retiring 'Senator Richard Shelby' Brings Home the Bacon

Sen. Shelby earmarks $656 million in federal government funding bill

According to Bloomberg Government, Shelby has placed $656 million in earmarks...Shelby stands to take home the most earmarked funds for the second year in a row to Alabama, the report said. The earmark process was banned in Washington, D.C. for a decade but was brought back last year. U.S. Sen. Tommy Tuberville (R-Auburn) and 18 other Republican Senators last year called earmarks "an inherently wasteful spending practice that is prone to serious abuse."

Reference: 1819news.com

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