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Accelerating Multifamily Demand Bodes Well for Spring Leasing Season Kick-Off

But Elevated Supply and Economic Uncertainty Loom
CoStar Analytics
April 26, 2024 | 6:20 P.M.

The U.S. multifamily market staged a strong rebound in demand during the first quarter, as 104,000 units were absorbed, the highest number since the third quarter of 2021. Steady economic growth and rising consumer confidence have prompted the release of pent-up household formation.

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