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The Apartment Market is Hitting a Construction Lull

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Higher interest rates and declining rents contribute to a decline in building starts.

More than 30,000 apartments are already under way in Denver, but starts for new ones fell in the second quarter.

Many of the cranes crowding skylines from Phoenix to Denver and Dallas will soon come down. They are likely to stay down for a long time.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

 

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