August 6, 2025
Matrix Research Bulletin-Multifamily Forecast-Q3 2025
Multifamily Maintains Pace of New Development
New multifamily construction starts through mid-year 2025 are at a similar pace to the same period a year ago. As a result, the Q3 forecast update has increased 2027 completions by nearly 3.0% to 360,000 units. A declining but still sizable under-construction pipeline has also led to increases in the full-year 2025 and 2026 forecasts.
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