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Crescent Stonewall Station Crescent Stonewall Station accounts for 459 of the 4,874 apartment units now under construction in the Charlotte, NC metro area.

RICHARDSON, TX—The current cycle has been marked by elevated levels of construction for new apartments, if still well short of the building booms seen in the 1970s and 1908s. Since 2012, inventory across the nation’s top 100 metro areas has expanded by around 820,000 units, with another 491,945 units under construction at the end of the first quarter 2016, according to MPF Research. That adds up to an 8.9% growth in the number of US apartments.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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