{"id":338929,"date":"2023-09-23T16:33:47","date_gmt":"2023-09-23T20:33:47","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=industry-intel&#038;p=338929"},"modified":"2023-10-19T14:37:57","modified_gmt":"2023-10-19T18:37:57","slug":"apartment-building-construction-on-track-to-hit-record-high","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/apartment-building-construction-on-track-to-hit-record-high\/","title":{"rendered":"Apartment building construction on track to hit record high"},"content":{"rendered":"<h1>Apartment building construction on track to hit record high<\/h1>\n<p>September 7, 2023 | Sami Sparber | <a href=\"https:\/\/www.axios.com\/2023\/09\/07\/apartment-building-construction-record-high?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axiosmarkets&amp;stream=business\" target=\"_blank\" rel=\"noopener\">Axios<\/a><\/p>\n<p>New apartment construction is on track to top a 50-year high, with nearly 461,000 units expected to be built across the U.S. this year, according to a new report.<\/p>\n<p><em>Why it matters:<\/em>&nbsp;A&nbsp;<a href=\"https:\/\/www.axios.com\/2023\/06\/20\/housing-shortage-prices-high\" target=\"_blank\" rel=\"noopener\">housing shortage<\/a>&nbsp;in the U.S. has contributed to the rising cost of both renting <em>and<\/em> buying.<\/p>\n<p><em>What&#8217;s happening:<\/em>&nbsp;A surge in new apartment supply \u2014 1.2 million units were completed during the pandemic \u2014 helped slow&nbsp;<a href=\"https:\/\/www.axios.com\/2023\/06\/16\/rent-growth-crisis\" target=\"_blank\" rel=\"noopener\">rent growth<\/a>&nbsp;nationwide, but some parts of the country saw more&nbsp;<a href=\"https:\/\/nymag.com\/intelligencer\/2023\/08\/rent-growth-is-slowing-where-housing-got-built.html\" target=\"_blank\" rel=\"noopener\">housing being built<\/a>&nbsp;than others.<\/p>\n<p><a class=\"btn-primary\" target=\"_blank\" href=\"https:\/\/www.axios.com\/2023\/09\/07\/apartment-building-construction-record-high?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axiosmarkets&amp;stream=business\" rel=\"noopener\">Continue Reading<\/a><\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>New apartment construction is on track to top a 50-year high, with nearly 461,000 units expected to be built across the U.S. this year, according to a new report&#8230;<\/p>\n","protected":false},"author":3681,"featured_media":228052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-article.php","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2946,3007,2824],"tags":[],"class_list":["post-338929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-industry-news","category-single-family-rental"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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