November 6, 2024
Matrix Research Bulletin-Multifamily Forecast-Q4 2024
New Supply Likely to Remain Sizable in 2025
Yardi Matrix's development pipeline data continues to indicate declining multifamily development activity. New-construction starts have bottomed at an approximate annualized rate roughly 50% below the levels recorded in 2022 and early 2023. Elevated completion times, however, leave a still-sizable under-construction pipeline.
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