Apartment developers have continued to increase housing supply to address high demand, with multifamily construction increasing more than single family by the end of last year. The pace of rent increases has subsided but remains above the historical average, and housing demand is such that, even as builders work hard to bring new supply onto the market, elevated rent growth is expected through the end of 2022 if not longer.
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DISCLAIMER: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only; please consult a licensed financial advisor.
