Yardi Matrix Forecasts Dwindling New Construction, Faster Completion Times in 2024
May 09, 2024
May 09, 2024
SANTA BARBARA, California, May 9 -- Yardi Matrix, a part of Yardi Systems, issued the following news release:
Yardi(R) Matrix's Q2 2024 Multifamily Forecast Supply update was slightly increased in the near term due to a somewhat larger under-development pipeline, which combined with elevated completion times led to marginal increases in the near-term forecast. However, overall new construction levels continued to decline, suggesting new supply will bottom out in 2026.
Yardi(R) Matrix's Q2 2024 Multifamily Forecast Supply update was slightly increased in the near term due to a somewhat larger under-development pipeline, which combined with elevated completion times led to marginal increases in the near-term forecast. However, overall new construction levels continued to decline, suggesting new supply will bottom out in 2026.