PHILADELPHIA, PA (SBN)—Although 66% of Federal Reserve economists think it’s likely that a “correction or downturn” in the economy will start some time around 2020, Philadelphia commercial real estate developers think there’s still lots of running room for virtually all sectors in the market, but they admit that affordable housing projects will face financial challenges because of the high cost of construction here.
One of the biggest problems facing America’s cities is creating affordable housing for people who work there. Listen to an audio news report about Missing Middle Housing. Buy a podcast download of the entire seminar.
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Editor’s Note: This story was originally reported for our content partner, GlobeSt.com. CHERRY HILL, NJ—(SBN)—Multifamily developer Pennrose Properties and the Jewish Federation of Southern New Jersey kicked off construction…