February 27, 2025
Matrix Research Bulletin-Multifamily Forecast-Q1 2025
Multifamily New Supply to Decrease in 2025-2026
Multifamily construction starts are now 40% below the peak level recorded in 2022. This slowdown has begun to work its way into the under-construction pipeline, which will result in a contraction in new supply from 2025 through 2027. That follows a very high level of development activity and a large inventory of properties still to be completed. As a result, forecast completions for 2025 have been increased by 3.3% to roughly 525,000 units, with a 2026 increase of 11.5% to 414,000 units.
Sign up to download
Recent reports
-
Matrix Multifamily National Report – September 2026
Multifamily performance mixed heading into final stretch
-
Matrix Single-Family Rental National Report – September 2026
Matrix Single Family Rental Report – September 2026
-
Matrix Industrial National Report – September 2026
Headwinds threaten post-supply boom equilibrium