This year will be the first year in U.S. history that more than 500,000 new apartments are constructed, according to a new analysis of the 2024 rental market from RentCafe.  The trend, which is anticipated to abate slightly in 2025, may again resurface by 2028 with exceptions remaining in... View full entry

Building permits and construction starts for residential projects in the United States declined by approximately 10% in 2023 versus 2022, according to new data by the U.S. Census Bureau. An estimated 1,469,800 housing units were authorized by building permits in 2023, which is 11.7% lower than in... View full entry

New rental apartment construction in the United States is expected to top a 50-year high in 2023. According to a report by RentCafe, nearly 461,000 units are expected to be delivered across the U.S. this year, meaning that over the past three years, 1.2 million units will have been built and... View full entry