209,000 new market-rate apartment units started construction across the U.S. year-ending 1st quarter 2025. There were 708,000 units were rented over the same period, marking the highest demand-to-starts ratio since 2010.
Source: RealPage
Relentless Absorption: 3.4 Multifamily Units Rented For Every New Unit Started
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Multifamily Market News 