New Apartment Construction 2024. Construction data from the census bureau suggests that multifamily supply growth should remain strong. 55,212 under construction in 2024;
17,167 units completed in 2023; Total new supply of over 75,200 units;
For Context, Builder Confidence Was 55 Out Of 100 In July Of 2022.
Some 420,000 new apartments are expected to be completed in cities across the u.s.
With Delivery Of 440,000 New Units Expected In 2024 And.
New development projects in the best residential neighborhoods.
Phoenix, Ariz., Is The Second Metro Experiencing A Surge Of Apartment Demand:
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New Apartment Construction Remains Strong This Year โ More Than 330,000 Rental Units Are Expected To Be Delivered Nationwide, Which Is Comparable To The Previous.
Construction data from the census bureau suggests that multifamily supply growth should remain strong.
With Delivery Of 440,000 New Units Expected In 2024 And.
After that, completions will plunge.
โMore Than 20,100 Units Opened In 2023, And Nearly 55,200 More Are Under Construction At The Start Of 2024.