Apartment construction boom under way in San Antonio

Rents are up, apartments are full, and developers are responding.  More than 4,000 new apartment units should hit the market in the San Antonio area this year, many of them with upscale amenities, as developers and investors respond to demographic trends and the difficulty that would-be first-time homebuyers are having qualifying for a mortgage loan. 

Apartment construction slowed in the wake of the 2008 financial crisis. But the research firm Austin Investor Interests expects, conservatively, 10,000 new units will open in theSan Antonio area in the next two years.

Click to read full article: Apartment construction boom under way in San Antonio (San Antonio Express-News, 2-8-12)