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Boom in Apartment Construction Drives Housing Recovery

In an interview with Neil Nabar, portfolio manager at Fidelity® Select Construction and Housing Portfolio, Mr. Nabar says he’s bullish on the housing recovery and the prospects for the multifamily rental sector.

This growth is fueled by Millennials who, because of the downturn in new single-family construction, have been priced out of the market.

“These young buyers are flocking to cities,” Nabar says, “and are favoring apartments and multifamily housing, and that dynamic has led to a boom in construction of those types of properties. Between 400,000 and 500,000 apartment units were built during the last 12 months. We haven't seen that volume of construction since the 1980s, when baby boomers were fueling demand in the housing market.”

For the full article, click HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer, and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion-dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.

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