Los Angeles multifamily construction cools after a decade of record growth

The Los Angeles multifamily supply pipeline is experiencing a deceleration following an extended period of heightened activity. Over the last 10 years, net deliveries averaged approximately 9,900 units annually, which is more than double the previous decade’s average (2006-2015) of 3,900 units per year. Similarly, the average number of units under construction each year reached around 101,000 in the past decade, nearly three times the 36,000-unit annual average reported between 2006 and 2015.