New quarterly estimate projects 2% increase over Q1 forecast
SANTA BARBARA, Calif., May 6, 2026 – The latest quarterly Yardi® Matrix multifamily supply forecast features a 2% increase in projected completions for 2026, reflecting updates to the under-construction pipeline since the Q1 update.
The new forecast also notes that the under-construction pipeline has consistently declined since March 2024, putting 2026 on track to be the first year to record a meaningful decline in new supply since the post-pandemic supply wave. The updated 2026 forecast total, 478,239, is almost 25% less than the completions recorded in 2025.
The completions forecast for 2027 and 2028 remains unchanged from the Q1 forecast.
Read more about construction starts, days in construction, planned and prospective pipelines, and more in the Yardi Matrix Multifamily Supply Forecast for Q2 2026.
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