Reported 2 months ago
Apartment construction is experiencing robust growth, with predictions indicating over 500,000 rental units will be completed by the end of 2024, a 9% increase from last year. New York City is set to be the frontrunner in this new rental supply, potentially leading to lower monthly rents for tenants. Yahoo Finance's housing reporter, Dani Romero, provides further analysis on this housing trend.
Source: YAHOO