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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Huntsville Utilities proposes 35% increase in water rates | Will Madison County Water Department Customers be Impacted?

Huntsville Utilities proposes 35% increase in water rates | Will Madison County Water Department Customers be Impacted?

What Huntsville Utilities is proposing is no small increase. Water rates will go up 35 percent across the board - for residential, commercial and industrial consumers - if the city council gives its approval. The new rates would go into effect with the October billing cycle. Currently the monthy charge is $1.33 per 1,000 gallons for the first 3,000 gallons. After the rate hike, it would go up to $1.80 per 1,000 gallons for the first 3,000 gallons. The next 3,000 gallons, under the proposal, would cost $2.31 per 1,000 gallons - up from $1.71 per 1,000 gallons.

Reference: www.al.com

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