CoStar: US Multifamily Demand Remains Steady as Historic Levels of New Supply Come Online

US apartment demand remained strong in the third quarter. The multifamily sector continued its historic run of supply as developers brought new units on the market at a record clip.

Overall absorption for apartment units on a national basis remained steady in Q3 at nearly 45,000 units, with renters leasing 172,000 units in the 12-month period ending in September, CoStar reports.

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