![]() Indeed, Jones Street estimates that if the pace of new housing delivery doubled relative to historical averages, "it would still take 20 years to find supply and demand equilibrium. "The current supply and demand imbalance is not likely to be remedied soon," the company said in the report. What's more, supply in the Northeast and Mid-Atlantic regions isn't going to surge suddenly, thanks to higher building costs and bureaucratic government control over zoning. "Over the next four years, the number of multifamily units delivered in the NeMA is projected to average 1.4% of total supply, which is less than historical averages and less than the 2.2% expected in the Southeast and Sunbelt markets," the company wrote in a recent note to investors, a copy of which was obtained by Insider. According to Jones Street's analysis, "this dynamic is specific to Southeast and Sunbelt markets," not the Northeast and Mid-Atlantic regions. Unfortunately, you cannot use your arcade card from our Danbury location at our KOP location. "We came out of the investment world, not out of the real estate world, and our observation was that there was a dangerous amount of groupthink in the industry," Frazier told Insider.Īccording to Frazier, one of the biggest reasons for turning north is the impending "supply glut," or fears that a rush of multifamily construction "could flip the script on the supply and demand imbalance," which threatens to lower rental income. trampoline courts and our ginormous jungle gym 1 Hour 25. It's a contrarian view in an industry obsessed with the Sunbelt since Jones Street was founded in 2014. How Much Does Jumping Places Make On YouTube Jumping Places is a channel that posts new, fun, and informational videos about Disney Parks, Resorts, and Cr. Still, he's created a compelling slideshow that explains why the dynamics have changed in favor of these regions. ![]() ![]() Of course, Jones Street's entire portfolio is focused on the Northeast and Mid-Atlantic multi-family homes. This story is available exclusively to InsiderĪnd start reading now. Account icon An icon in the shape of a person's head and shoulders.
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