The supply of new construction has experienced moderate decline in the past 3 years as measured by the new construction permits.
The US economic activity is a $17.5 Trillion. When considering multifamily new investments the value added to the economy is almost $100 Billion. This is less than 1% but is significant from the point of view of adding to the economic activity.
Statista and Construct Connect 2018 (*Indicated Projection)is Pittsburg with 85% of responders indicated that they preferer to purchase a multifamily asset followed Salt Lake City. Other buy locations include FL’ Fort Lauderdale and Tampa