Short supply, rising demand, improving fundamentals—including some anticipated job growth—and a big jump in the number of Echo Boomers entering the rental housing market are all adding up to one thing: Apartment developers are itching to get back into the game.

“Everything you need for ripe market conditions is occurring,” says Greg Willett, VP of research and analysis at Carrollton, TX-based MPF Research. “Certainly, there’s some strong recovery in fundamentals.”

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