Supply Hits a Peak in Four Big Apartment Markets
https://www.realpage.com/analytics/nation-leading-record-supply-markets/
Supply is big across the U.S. apartment market right now, but four major markets are seeing peak delivery volumes.
Supply is big across the U.S. apartment market right now, but four major markets are seeing peak delivery volumes.
North and South Carolina have nearly 60,000 apartment units underway, with about 46,000 of those delivering in 2025.
The U.S. apartment market has seen elevated construction levels in this cycle. Since 2012, inventory across the nation’s top 100 metros has expanded by around 820,000 units, with another 491,945 units under construction at the end of 1st quarter 2016. That adds up to an 8.9% growth in the number of U.S. apartments. But construction read more
Fourteen markets nationwide will receive over 10,000 new apartment units in 2025, led by nearly 35,000 units expected in New York.
Multifamily permit volumes continued their downward trend in November.
Six submarkets across the U.S. have more than 10,000 units under construction as of 3rd quarter 2023, led by New York’s Brooklyn and Phoenix’s Avondale/Goodyear/West Glendale subma
While U.S. apartment supply volumes hit a record in 2023, the number set to complete in 2024 is even more.
While apartment construction activity is up almost everywhere nationwide, five states are building nearly half the nation’s total volume of supply. The five states with the...
Nearly a quarter of the nation’s apartment construction activity is rising in just five markets. While the pace of apartment construction seems to be up everywhere, markets...
Multifamily permit volumes continued to fall in January, while single-family permits climbed.