Yardi is raising its projection of new apartment supply: a larger-than-expected under-construction pipeline has led to upward forecast revisions for 2025, 2026 and 2027.
Over 400,000 units starting construction in 2025 looks increasingly likely. Current construction completion times are averaging around 24 months, making 2025’s new-construction activity a strong indicator that over 400,000 units will be completed in 2027.
Yardi expects deliveries to hit 410,000 units in 2028, before increasing to over 450,000 units by 2030.
Source: Yardi
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