![]() ![]() “Most new construction is going to be in areas where there's already demand and because of that, they're going to be priced a little bit higher,” Carberry said. Low apartment inventory and high demand drive up prices on their own but Carberry said the combination with inflation has had an effect on new developments mostly being built in more expensive areas. According to Carberry, inflation is the “elephant in the room” as gas, grocery, utility, cost of labor and materials prices are all rising.
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