Multifamily construction in the US is at its highest level in 40 years.
Currently, there are 824,000 units in development and 450,000 of them are expected to be delivered this year.
Apartments.com’s National Director of Multifamily Analytics, Jay Lybik, addressed the situation during a session at the National Apartment Association’s Apartmentalize conference in June in San Diego.
Read more...The Apartment Markets at Greatest Risk for Oversupply via GlobeSt
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