A nationwide housing shortage made supply the name of the game, and some cities have really stepped up to the plate.
New apartment construction across the country is slated to surpass 500,000 units by the end of the year, according to an annual report by RentCafe .
The analysis, which uses data from Yardi Matrix, compared building efforts by regions, metros and cities — and one area came out on top. 6
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Doug Resller, senior analyst at Yardi Matrix, said in the report that increasing hurdles to homeownership are fueling demand for rental housing.
Of the 506,353 new apartments expected to open their doors before 2026, more than half are coming out of the South.
The Sunbelt’s impressive contribution — 52.5% of new apartment supply, to be exact — largely has Texas and Florida t