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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New COVID variant XBB.1.5 rapidly spreading in US, CDC data shows

New COVID variant XBB.1.5 rapidly spreading in US, CDC data shows

A new Omicron variant is rapidly spreading in the US just in time to ring in 2023, according to data from the Centers for Disease Control and Prevention. The strain, known XBB.1.5, accounts for about 41% of confirmed COVID cases across the nation, the data shows. “We’re projecting that it’s going to be the dominant variant in the Northeast region of the country and that it’s going to increase in all regions of the country

Reference: nypost.com

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