- The historic peak in U.S. apartment completions is now in the rearview mirror.
- Completions reached about 150,000 units in the last 3 quarters of 2024 but then dropped to 113,000 units in the first quarter of 2025.
- Completions will remain moderately elevated this year before plummeting in 2026.
Source: Jay Parsons
Multifamily Market News 