Scheduled Apartment Supply Peaks by Market
https://www.realpage.com/analytics/expected-supply-peak-by-market/
As supply volumes peak nationwide, the timelines vary for markets across the U.S.
As supply volumes peak nationwide, the timelines vary for markets across the U.S.
RealPage reports the return of apartment demand, stabilizing occupancy rates and cooling rent growth in 2023’s 2nd quarter.
U.S. apartment investment dropped in early 2023. Though total real estate investment remains high, sales are now below pre-pandemic norms.
Austin has seen record apartment supply and demand recently, but occupancy and rents have taken a hit.
The top U.S. employment markets continued to pick up more jobs in April.
Based on key economic indicators, RealPage has slightly upgraded most major markets in the latest 2024 forecast.
Both permits and starts increased unexpectedly in June, but multifamily completions are still running far ahead of those measures.
Multifamily starts and permits have been slowing for almost two years, but single-family development also recently turned downward.
Annualized multifamily completions totaled 740,000 units for the first time since April 1974.
Multifamily starts increased suddenly and sharply in July, while multifamily permitting declined.