The condo market is showing some signs of a revival in some markets across the country and that uptick in sales is also benefiting the rental apartment market, according to multifamily housing developers speaking at the National Association of Home Builders'(NAHB) International Builders Show.
“We are definitely emerging from a difficult time and seeing some light in the condo market,”said Bill Donges, CEO of the Atlanta-based Lane Company, which has condominium developments in several cities, including Hollywood, FL. “The condo lifestyle — especially in urban areas — is very attractive, and with the interest rates low and the selection good, we are seeing buyers come back into the market.”
At the height of the housing boom, …
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