Apartment Construction in California's Orange County Is Slowing Outside of Anaheim, Irvine

Despite stable vacancies and steady rent growth in Southern California's Orange County, development has begun to slow in the past year. After years of sustained high levels of construction, which have seen the market grow by 6.1% since 2015, the construction pipeline is shrinking with fewer projects set to break ground in the near future. Over the past four quarters, only 600 units have broken ground in the county, the lowest four-quarter stretch since the end of 2010, going into 2011.