January 15, 2020

RealPage® Reports a Surge in Scheduled Apartment Completions in 2020, with Occupancy and Rent Growth Likely to Cool Slightly

RICHARDSON, Texas–(BUSINESS WIRE)– #multifamily–After the U.S. apartment stock grew more than 2 million units during the past decade, the volume of annual completions will climb further as the 2020s begin, according to real estate technology and analytics firm RealPage, Inc. (NASDAQ: RP). Scheduled deliveries this year jump to 370,942 units, up 50 percent from the 2019 total of 246,779 units. “Developers have struggled to produce enough new housing to meet demand in recent years,” according to Greg Willett


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