Developers added more than 400,000 new apartment units nationally in 2022 — the third year in a row the country has seen that level of elevated supply. The additional units are being added at a particularly challenging time, as demand accounted for only half the number of newly delivered units over the past 12 months.
Multifamily Industry Braces for Deluge of New Supply in 2023
New Units Nears Highest Level Since Mid-1980s
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