After hitting a 40-year record high for completions of U.S. multifamily units this year at a projected 558,000, the apartment sector is expected to add approximately 440,000 units next year, a 21% pullback.
Expect Fewer New Apartments Next Year After Record-Setting 2023
Market Forecasts Show Pullback in Construction
By Jay Lybik
CoStar Analytics
November 8, 2023 | 6:49 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In