Matrix Multifamily Supply Forecast Update-Q1 2026 February 03, 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.