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.
Y . . .
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.
Y . . .