February 3, 2026
Matrix Multifamily Supply Forecast Update-Q1 2026
Affordable housing impacts multifamily new construction
Affordable and partially affordable properties are comprising an increasingly larger share of the overall new-supply mix and supporting new development activity. Annual completions for market-rate apartments will decline to pre-pandemic levels by 2028. Conversely, affordable and partially affordable new supply will remain near the highs reached in 2024.
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