{"id":16979,"date":"2020-03-05T14:34:44","date_gmt":"2020-03-05T14:34:44","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=16979"},"modified":"2020-03-05T14:34:44","modified_gmt":"2020-03-05T14:34:44","slug":"apartment-supply-expected-to-increase","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/apartment-supply-expected-to-increase\/","title":{"rendered":"Apartment Supply Expected to Increase"},"content":{"rendered":"

Apartment Supply Expected to Increase<\/p>\n

The apartment sector is expected to have a banner year, with new supply reaching a three-decade high across the country\u2019s 150 largest apartment markets, according to a new report from RealPage, a property management software firm. For this year, the company is predicting 371,000 new units will enter the multifamily market.<\/p>\n

Larger markets like Los Angeles are expected to see a surge in new units, and researchers say many smaller markets are expected to see an uptick too.<\/p>\n

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In January, construction starts for multifamily units hit a 34-year high. Multifamily starts are up across the country, with every region in the U.S. posting increases. Multifamily completions more than doubled in the Midwest in January (184%) and were up 19.8% in the South and 46% in the West.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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\u201cMultifamily Permits Hit Five-Year High in January<\/a>,\u201d RealPage (March 3, 2020) and \u201cNew Apartment Supply in Several Small Markets to Rise in 2020<\/a>,\u201d RealPage (Feb. 27, 2020)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Apartment Supply Expected to Increase The apartment sector is expected to have a banner year, with new supply reaching a three-decade high across the country\u2019s 150 largest apartment markets, according to a new report from RealPage, a property management software firm. For this year, the company is predicting 371,000 new units will enter the multifamily … <\/p>\n

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