- More than 320,000 new apartments projected to be completed in 2016, a 50% increase compared to 2015
- Texas leads apartment construction, with more than 69,000 units projected to be delivered in 2016 in the Lone Star State’s 4 largest metros – Houston, DFW, Austin, and San Antonio
- San Francisco makes great strides to solve housing shortage, bolsters rental inventory by 126% in 2016
The US apartment market is booming in more ways than one. Rental rates are breaking record after record, with the national average at an all-time high of $1,213 in June and occupancy for stabilized and completed properties across the nation reaching 96.1% as of the end of the first quarter of 2016.