ALN Apartment Data published a new national report this week. It's hot of the press. Two major developments have defined the multifamily sector this year, and both have been widely felt. The first, a deceleration in new apartment supply, was anticipated as the 2024 construction boom reached its peak. The second, a broad resurgence in apartment demand, has exceeded nearly everyone’s expectations.

While the slowdown in new deliveries was written into the forecast, the scale and breadth of the demand recovery have caught the industry by surprise. This is not just a rebound — it’s a synchronized surge across asset classes, market tiers, and regions.

Through September, over 580,000 net new units have been absorbed nationwide. That’s more than double last year’s total through the same point in time and just shy of the exceptional 2021 figure.

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New Apartment Report From ALN