The Real Signal - Housing + Real Estate + Macro

The Real Signal - Housing + Real Estate + Macro

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The Real Signal - Housing + Real Estate + Macro
The Real Signal - Housing + Real Estate + Macro
The Real Signal Midweek - Largest Surge In Multifamily Completions Since 1987

The Real Signal Midweek - Largest Surge In Multifamily Completions Since 1987

Jan 08, 2024
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The Real Signal - Housing + Real Estate + Macro
The Real Signal - Housing + Real Estate + Macro
The Real Signal Midweek - Largest Surge In Multifamily Completions Since 1987
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“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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