The apartment sector remains firmly entrenched in the most prolific building cycle in U.S. history, but signs indicate supply volumes have finally peaked, according to a RealPage analysis.

More than 576,700 units were delivered for the year ending with the first quarter. That is slightly below the all-time peak of 585,200 units delivered during the 2024 calendar year, said the report.

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Kristen Smithberg

Kristen Smithberg is a Colorado-based freelance writer who covers commercial real estate, insurance, benefits and retirement topics for BenefitsPRO and other industry publications.