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High level of new construction will strain apartment demand in 2019

NCMA eNews
January 17, 2019

According to RealPage, a provider of property management data and services, developers plan to deliver 337,000 new apartment units this upcoming year, up from 320,000 in 2018. Another giant wave of new luxury apartments is poised to hit apartment markets across the country this year, especially in downtowns and central business districts (CBD) areas. However, student and auto loans will keep some young people from forming new households, as will slower economic growth, which is projected by some to return to its more normal number of two to three percent. To read more, click here.