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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Garbage, Electric and Water Increases | Huntsville Moves to Slam Residents With More Inflation Moves | Rate Increases

As Huntsville moves to increase water [and electric] rate, another hike may be on the horizon

“What about the Garbage rate study,” an elderly man asked several minutes into the discussion about the City’s proposed 35% water rate increase. “Don’t even go there,” an elderly woman responded at the library meeting. “No, we can go there,” Kling said at the Aug. 21 District 4 meeting at the Huntsville-Madison County Public Library.

Reference: www.al.com

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