{"id":9911,"date":"2026-02-05T10:04:38","date_gmt":"2026-02-05T10:04:38","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9911"},"modified":"2026-02-06T10:22:40","modified_gmt":"2026-02-06T10:22:40","slug":"us-multifamily-completions-forecast-upward","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/us-multifamily-completions-forecast-upward\/","title":{"rendered":"Yardi Matrix Revises 2026-28 U.S. Multifamily Completions Forecast Upward"},"content":{"rendered":"\n

Construction starts remain resilient; economic conditions favor supply absorption<\/em><\/p>\n\n\n\n

SANTA BARBARA, Calif., Jan. 5, 2026 \u2013<\/strong> Continued resilience in new construction starts has prompted Yardi\u00ae Matrix to increase its forecast for U.S. multifamily completions<\/a> in 2026, 2027 and 2028.<\/p>\n\n\n\n

High-supply markets are seeing steady new development while smaller markets are making up for their moderate supply growth in the last market cycle. Those factors, along with an economic environment that\u2019s generally supportive for multifamily, a decline in the under-construction pipeline in Q4 2025 and sluggish existing home sales, \u201cshould support rental rates and new supply absorption\u201d in 2026, according to a new Yardi Matrix multifamily supply forecast.<\/p>\n\n\n\n

Yardi Matrix increased its forecast for completions in 2026 by 6.4%, with the 2027 forecast jumping by 8.1% and the 2028 forecast rising 8.9%. More than 1.3 million units of market rate, partially affordable, fully affordable, senior and single family rental housing are projected to be delivered in that timespan.<\/p>\n\n\n\n

With affordable and partially affordable properties comprising an increasingly larger portion of the current under-construction inventory, market rate supply as a percentage of total supply is expected to decline by 2028.<\/p>\n\n\n\n

See the latest forecast, under construction pipeline, construction starts and more in the Yardi Matrix Q1 2026 Multifamily Supply Forecast.<\/a><\/p>\n\n\n\n

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, single-family rentals\/ build to rent, affordable housing, student housing, self storage, office, industrial, retail and vacant land property types. Email matrix@yardi.com<\/a>, call (480) 663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n\n\n\n

About Yardi<\/strong><\/p>\n\n\n\n

Yardi\u00ae develops industry-leading software for all types and sizes of real estate companies across the world. With more than 10,000 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit\u00a0yardi.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Construction starts remain resilient; economic conditions favor supply absorption SANTA BARBARA, Calif., Jan. 5, 2026 \u2013 Continued resilience in new construction starts has prompted Yardi\u00ae Matrix to increase its forecast for U.S. multifamily completions in 2026, 2027 and 2028. High-supply markets are seeing steady new development while smaller markets are making up for their moderate […]<\/p>\n","protected":false},"author":3865,"featured_media":9912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[519],"class_list":["post-9911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-multifamily-outlook-2026"],"yoast_head":"\nYardi Matrix Revises 2026-28 U.S. Multifamily Completions Forecast Upward - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Construction starts remain resilient; economic conditions favor supply absorption, according to Yardi Matrix data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/us-multifamily-completions-forecast-upward\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yardi Matrix Revises 2026-28 U.S. Multifamily Completions Forecast Upward\" \/>\n<meta property=\"og:description\" content=\"Construction starts remain resilient; 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