For this past year, business was booming for apartment construction in the U.S. According to RealPage, the number of apartments delivered in the nation hit a 30-year high in 2017 with a total of 395,775 units completed in the 150 largest U.S. metro areas. With this, apartment stock across the nation grew 2.4 percent last year.
The metro area with the most rentals added in 2017 was Dallas with 27,974 units in the past year. For Washington, D.C., who ranked in fourth place, there were 15,816 completions.
On what to expect for this year, RealPage reports that supply volumes are expected to ease with around 300,000 units scheduled to deliver across the nation in 2018.
For more data, head to RealPage.
• Apartment Supply Volumes Peak at a 30-Year High in 2017 [RealPage]