U.S. apartment inventory nearly full, highlighting supply crunch


CURBED (June 30, 2017) – Apartment occupancy is near record levels in the United States, according to a new report, and seems unlikely to decline anytime soon.

A full 95 percent of apartments in the country are occupied, according to an analysis of rental data by RealPage, a real estate technology and analytics firm, a near record-level. According to Greg Willett, the firm’s chief economist, the strong demand comes from the combination of “solid job formation, continued limited loss of renters to home purchase, and widespread availability of appealing new apartments.”

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