In a telling measure of how much developers have pulled back from building new apartments, annual construction starts, the measure of how many units begin construction in a given year, have edged lower across the United States in response to over-supplied conditions in certain markets.
Where multifamily construction activity has decreased the most
Some of the largest declines occurred throughout California
CoStar Analytics
March 17, 2025 | 7:16 P.M.
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