With COVID-19 further complicating an already visible slowdown in apartment construction since its 2018 peak, new completions across the country are starting to mirror the downward trend following the 2008 crisis, RentCafe reports, citing Yardi Matrix data. This year is expected to yield 283,114 completed apartments, a significant drop of 12% compared to 2019. The downtrend is mainly due to the…
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