Matrix Research Bulletin-Multifamily Forecast-Q4 2024 November 06, 2024

New Supply Likely to Remain Sizable in 2025

Yardi Matrix's development pipeline data continues to indicate declining multifamily development activity. New-construction starts have bottomed at an approximate annualized rate roughly 50% below the levels recorded in 2022 and early 2023. Elevated completion times, however, leave a still-sizable under-construction pipeline.