The U.S. apartment market continued its biggest boom in history in 2015, hitting historical highs in rental rate growth, investment sales and new construction while matching the previous year's strong absorption and occupancy growth.
However, much of those gains were achieved in the first six months of the year. The market slowed considerably in the second half, as lease-up of newly delivered apartment projects cooled and rent growth plateaued, particularly in the fourth quarter.
Read more...Apt. Market Facing Slower Lease-Up of New Construction in 2016 - CoStar Group
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