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Rising demand and falling supply give boost to US multifamily sector

High mortgage rates, cost of homeownership fuel apartment market, real estate firms say
The Wynwood Haus apartment complex in Miami has seen strong leasing. (CoStar)
The Wynwood Haus apartment complex in Miami has seen strong leasing. (CoStar)

Rising demand for rental units and a drop in apartment construction are creating solid fundamentals for the second half of the year in the U.S. multifamily market, especially as single-family house sellers contend with high mortgage rates, falling sales and growing inventory.

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