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The Supply and Demand Paradigm Continues To Shift in the Sun Belt

Disparity Expands Between Population Growth, New Apartment Units Underway
CoStar Analytics
March 10, 2023 | 9:11 P.M.

Nowhere in the United States has the impact of in-migration been felt more acutely over the past few years than in the U.S. Sun Belt. This area, stretching from Phoenix to Florida and up to Tennessee and the Carolinas, experienced a surge in population beginning in 2020 that is only now beginning to subside, declining by a mild 0.1% in the past year.

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