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Reaching a turning point, US apartment forecast shows demand outpacing supply by year-end

Vacancies are projected to decline throughout 2025
Houston exemplifies the national shift underway, with apartment absorption expected to outpace new supply in the market by late 2025. (Getty)
Houston exemplifies the national shift underway, with apartment absorption expected to outpace new supply in the market by late 2025. (Getty)
By Grant Montgomery
CoStar Analytics
August 12, 2025 | 7:56 P.M.

The latest U.S. multifamily property forecast sees an important shift underway in the balance between supply and demand.

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