Apartment Construction Increased 50% from 2015

The United States apartment construction market is booming with nearly 320,000 new apartments in 50+ unit buildings expected for 2016 and 1,400 large-scale projects in the biggest metro areas

Aug 12, 2016
Apartment construction in the United States really started to take off again in 2012 with 2015 and 2016 reaching the highest points in the last 10 years.
Apartment construction in the United States really started to take off again in 2012 with 2015 and 2016 reaching the highest points in the last 10 years.

The United States apartment construction market is booming with nearly 320,000 new apartments in 50+ unit buildings expected to be built in 2016. Compared to the early 200,000 units from 2015, that's a nearly 50% increase and the highest point of inventory growth in five years. There are over 1,400 large-scale projects under construction in the biggest metro areas.

The top 20 metros for new apartment construction in 2016 include:

  1. Houston
  2. Dallas
  3. New York
  4. Los Angeles
  5. Washington D.C.
  6. Austin, TX
  7. Seattle
  8. Miami
  9. Atlanta
  10. Denver
  11. Charlotte, NC
  12. San Francisco
  13. Phoenix, AZ
  14. Chicago
  15. Boston
  16. San Antonio, TX
  17. Orlando
  18. Nashville
  19. San Diego
  20. San Jose

(more on the 2016 apartment construction boom...)

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