Apartment construction is drying up. Is affordable housing measure to blame?

19 Feb Apartment construction is drying up. Is affordable housing measure to blame?

Portland’s apartment-building binge appears to be headed off a cliff.

Applications for new housing developments have nearly ground to a halt over the past year, and there are plenty of reasons for that. Construction costs have ballooned, as have land prices. The glut of new construction, meanwhile, has taken the wind out of rising rents, at least at the high end.

Click on the link to read the full article from Oregonlive.com Apartment Construction is drying up!

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