Top 5: 2022 New Supply
Even with continued difficulties for new construction, more than 100,000 new units were delivered across the US through April.
Even with continued difficulties for new construction, more than 100,000 new units were delivered across the US through April.
The multifamily new construction pipeline continues to grow, but so too does the average construction duration.
The new construction pipeline has already delivered nearly 250,000 new units this year, but construction times continue to rise.
Despite persistent challenges, the construction pipeline continues to deliver new units at a torrid pace.
The Orlando market was especially impacted in 2020, but the area is off to a blazing start to 2021.
Rising costs and construction delays are increasingly a story in multifamily, but new supply volume continues to be higher than in recent years.
Houston was a market that suffered negative rent growth in 2020, but the area is off to a nice start to 2021.
Tampa is a market that weathered the 2020 storm better than many others, and that momentum carried into the new year.
As part of an ongoing series evaluating specific markets around the country, Dallas – Fort Worth is next up.