New Apartments Are Filling Up at Nearly the Slowest Pace on Record, But That May Change as Builders Pull Back

Just 47% of newly-built apartments completed in Q3 were rented within three months as a record number of new apartments hit the market. But construction permits have started to decline, signaling that the number of new rentals will eventually start to fall, which could cause rents to tick up. Less than half (47%) of newly … Continue reading New Apartments Are Filling Up at Nearly the Slowest Pace on Record, But That May Change as Builders Pull Back