U.S. Apartment Supply Volumes Plateau
After five years of record supply volumes, the nation’s apartment market seems to have plateaued. Roughly 320,000 units are scheduled for completion in 2018, boosting the existing base by 1.8%. These make up the biggest annual supply volume the country has seen in 30 years. Next year should be much of the same, with deliveries averaging around 320,000 units annually. After that, supply is expected to fade, but not by much. Annual deliveries aren’t scheduled to fall back down to the 300,000-unit mark until 2020.