Predictions by some experts that the nation’s current oversupply of apartments will decline by the end of 2024 are not supported by a new analysis from Yardi Matrix.

Instead, Yardi proclaimed, “the under-construction pipeline is robust, and elevated deliveries are anticipated for 2024 and 2025.” In all, 766,353 units are still scheduled for completion by as late as early 2026. That is a 9.9% quarter-over-quarter and 36.6% year-over-year increase. In addition, 483,207 units were in lease-up in Q1 2024 — for a total of 1.25 million units under way.

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Philippa Maister


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