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Two Wisconsin multifamily markets rank among tightest, most underbuilt in US

Declining construction levels point to persistent tightness in Milwaukee and Madison
CoStar Analytics
November 19, 2024 | 9:03 P.M.

The U.S. multifamily sector has seen record construction levels in recent years, with 600,000 units delivered in 2023 and an estimated 680,000 units forecast to be completed by the end of 2024 – well above the 370,000 units the country averaged annually in the ten years prior.

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