On the whole, apartment construction continues to be strong in the current cycle. As is always the case, while some markets are on fire, others are lackluster.
Since 2012, inventory across the nation’s top 100 metros has expanded by 8.9%.
The South is seeing the most action, with inventory up 12.2% since 2012. Inventory expansion of only 5.1% leaves the Northeast in the bottom position, with the West and Midwest regions falling in-between.
Read more...MPF Research Reports on Apartment Construction