US real estate research firm Reis has reported that the US apartment vacancy rate rose to 4.3% in 40,795, up from 4.2% in the preceding quarter. The firm has also said that the huge levels of supply that are set to hit the market do "not portend good things for the next couple of years as new completions increase and flood the market"; construction is generally accelerating despite new construction having fallen to 3Q units in 40,795, down from 51,442 units in 2Q.
US real estate research firm Reis has reported that the US apartment vacancy rate rose to 4.3% in 3Q, up from 4.2% in the preceding quarter. The firm has also said that the huge levels of supply that are set to hit the market do "not portend good things for the next couple of years as new completions increase and flood the market"; construction is generally accelerating despite new construction having fallen to 40,795 units in 3Q, down from 51,442 units in 2Q.