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 congressional reps vow to ‘correct’ Biden’s Space Command HQ ‘error’

Alabama congressional reps vow to ‘correct’ Biden’s Space Command HQ ‘error’

Congress will “correct” President Biden’s decision to put Space Command headquarters in Colorado rather than Alabama, House members from Alabama said Saturday. ...The president overruled a military evaluation protocol on July 31 that rated Huntsville’s Redstone Arsenal the best location among the candidates to host the command. ...“We’re pretty good at finding documents and we think there is a little bit more to this than what the administration is telling us,” Palmer said. “I’ve gone to (committee chairman Rep. James Comer) and we intend to launch an investigation into how this decision was made, we think it was done illegally.” Rep. Jerry Carl (R-Mobile), a member of the House Appropriations Committee, said “every dollar that they need that I can cut off will be cut off. If it’s my choice, they’re going to be walking….”

Reference: www.al.com

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