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Rewriting the Narrative On Apartment Demand And Oversupply

WASHINGTON, DC--The US will need to build more than 4.6 million new apartment homes across a range of price points by 2030.

By Erika Morphy | erikamorphy | Updated on June 13, 2017

Caitlin Walter

WASHINGTON, DC–We can scrap the talk of the apartment market becoming over-saturated — at least in the long term. A new report has determined that the US will need to build more than 4.6 million new apartment homes across a range of price points by 2030. This is according to research from Hoyt Advisory Services, which was commissioned by the National Multifamily Housing Council and the National Apartment Association.

As for the market becoming over-saturated in the immediate term, we can nix talk about that as well, per the report. It has found that currently nearly 39 million people live in apartments, and the apartment industry is quickly exceeding capacity.

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