Apartment Construction Set to Surge Over Next Three Quarters

Houston is expected to receive the most new units in Q4 2016 while New York is expected to received the highest number of new apartments in 2017

November 28, 2016

Axiometrics

The 91,957 new units identified for fourth-quarter delivery represents 30% of all 2016 supply, which is expected to end up at 305,840 apartments available for leasing, according to pipeline data as of Nov. 13. Some 343,582 units are anticipated to come to market in 2017.

The 91,957 new units identified for fourth-quarter delivery represents 30% of all 2016 supply, which is expected to end up at 305,840 apartments available for leasing, according to pipeline data as of Nov. 13. Some 343,582 units are anticipated to come to market in 2017.

Let by a surge in the third quarter of 2016, deliveries in projects in the apartment pipeline are likely to hit a cycle peak in Q4 2016 and the first two quarters of 2017, according to Axiometrics. The number of units coming to market will increase by 8,737 in Q4, remain essentially the same in Q1 2017 and soar by 10,896 in Q2 2017. Some 343,582 units are expected to come to market in 2017 with around 56% delivered in the first two quarters of 2017.

Houston is expected to receive the most new units in Q4 2016 followed by Dallas, New York, Washington D.C. and Atlanta.

New York is expected to received the highest number of new apartments in 2017 followed by Dallas, Houston, Atlanta and Washington D.C.

(more on the anticipated hot apartment construction market over the next three quarters...)

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