May 23, 2023
“I think it’s very likely there will be a shortage of apartments and houses in 2025 because the cycle got interrupted in 2022 and 2023,” John Hutchinson, co-CEO of private real estate investment firm Trez Capital, told Benzinga. “With the amount of people still moving into places like Dallas, Houston, Phoenix and Florida, it’s very possible we’ll have another shortage. It takes two years to start a project, and I think there will be a considerable shortage, especially in high-growth cities.”