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Sun Belt Tops the Nation With the Most Apartment Units Under Construction

Oversupply Risk Squarely Focused at High-End Properties
The vast majority of new apartment units that are under construction are high-end units with extensive onsite amenities.  (Getty Images)
The vast majority of new apartment units that are under construction are high-end units with extensive onsite amenities. (Getty Images)
CoStar Analytics
November 22, 2023 | 7:32 P.M.

With just under 1 million multifamily units under construction in the U.S. at the end of the third quarter, there has been a great deal of focus on which major markets are facing the highest risk of oversupply.

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