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Despite Challenges, Apartment Construction Continues To Boom

The Dallas-Fort Worth, New York, and Phoenix metro areas are leading the pack in terms of deliveries.

By Lynn Pollack | August 20, 2021 at 07:33 AM

Despite ongoing materials and labor shortages, apartment construction continued on pace this year, with more than 330,000 new rental units expected to be delivered coast to coast by year’s end. 

“These figures reflect the striking difference between the aftermath of the pandemic crisis and that of the housing crisis of 2008: In 2021, there were nearly three times more apartments under construction than there were in 2011,” according to a new report from RentCafe.

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