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Why So Many Luxury Apartments Are Popping Up In The U.S.

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An apartment building boom is unfolding in cities across the U.S. Many of the new units come with "luxury" amenities, like pools and fast-access to transportation. Experts say the uptick in supply is welcome news, but won’t ease rent inflation anytime soon. As a result, many cities remain stuck in a price-elevating housing shortage. Washington lawmakers are now scrutinizing regulations that slow the pace of homebuilding, in an attempt to slow rent inflation.

Chapters:
0:00 — Introduction
1:09 — Chapter 1: "Luxury"
5:42 — Chapter 2: Policy
9:55 — Chapter 3: Increasing supply

Produced by: Carlos Waters
Additional Production: Andrea Miller
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson

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Why So Many Luxury Apartments Are Popping Up In The U.S.
Category
Tech
Tags
CNBC, CNBC original, business
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