Research

Growth was below trend for both the year and month.

Apartment deliveries are expected to grow 84.5% in New York and 139% in Los Angeles.

Multifamily construction slows due to high costs and uncertainty.

The sector is dominated by third-party logistics providers.

Still, many metros are far from recovery.

Asking rents across the country increased by 1.5% following two-quarters of decreases.

However, the impact of the housing shortage will take years to materialize.

Two people must work 82 hours each week to make rent in Nashville.