Colleges are spending billions In campus housing boom

Kylie Lacey's picture
Monday, June 23, 2014

Universities across the nation are in the midst of a campus housing boom, replacing aging residence halls with gleaming facilities whose technology and other comforts are aimed at attracting students who demand more from college life.

Fifty-two new residence halls at private and public schools to house 19,000 students opened last year or will open this year around the U.S., with a price tag of more than $2 billion, according to Paul Abramson, an analyst with New York-based Intelligence in Education who tracks college construction. Overall, the number of new residence hall construction is up from 40 that Abramson counted a year ago for his annual May survey.

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