Housing Market, Apartment | featured news

U.S. builders broke ground in March on homes as a seasonally adjusted rate of 1.04 million — the fastest pace in nearly five years — on a surge in apartment construction. The gain signals further strength in the housing market ahead of the spring-buying season.

Ben Yonge stole away from a business conference last month to make a killing in real estate. As his colleagues broke for lunch, the Orlando broker closed on a nearby four-unit apartment building that in better times had fetched $120,000.

Renters are paying more because the foreclosure crisis is adding to their ranks, which increases demand for apartments.

The family of a Russian billionaire has bought a New York City penthouse apartment for $88 million....

Housing starts and permits for future construction jumped to a 1-1/2 year high in November as demand for rental apartments rose, suggesting the housing market was starting to recover.

Apartment landlords continue to have the best of all worlds as rents go higher and vacancies fall.

A growing number of Americans can't afford a home or don't want to own one, a trend that's spawning a generation of renters and a rise in apartment construction.

The results were driven by a more than 20 percent drop in the volatile condominium and apartment market.

Apartment rents rose during the first quarter, ending five straight quarters of declines and signaling the worst may be over for the hard-hit sector.

Apartment vacancies hit a 30-year high of 8% last year, and landlords cut rents 3% to attract tenants.