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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Four tornadoes confirmed in north Alabama | No word on any emergency assistance from Biden admin

Four tornadoes confirmed in north Alabama

An EF-2 tornado touched down near Hartselle at 12:23 a.m. and was on the ground for 6 minutes. It covered 13.5 miles in that time. It was 175 yards wide with speeds reaching 115 miles per hour. One person was killed in this storm. An EF-1 tornado was confirmed in...

Reference: www.waff.com

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