The Real Signal Midweek - Largest Surge In Multifamily Completions Since 1987
“U.S. apartment supply in 2023 surged to the highest levels since 1987, with more than 439,000 units completing. Even more will complete in 2024.
That means renters suddenly have a lot more options, and in turn, rent growth has evaporated.
The upside is that apartment demand rebounded strongly in 2023 following a sluggish 2022, but not enough to keep pace…
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