Moody's: National Multifamily Supply and Demand at Lowest Levels since 2009

Apartment Vacancy Rate Unchanged in Q4

The big story here is that demand for apartments fell off a cliff in Q4 2022, but that new supply was also very low, even though there are a large number of apartments currently under construction.

First, from Moody’s Analytics Senior Economist Lu Chen and economist Xiaodi Li: Apartment struck a balance, Office demand plummeted, and Retail remains flat

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