{"id":37021,"date":"2023-11-10T01:46:00","date_gmt":"2023-11-10T09:46:00","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=37021"},"modified":"2026-02-22T15:26:45","modified_gmt":"2026-02-22T23:26:45","slug":"supply-forecast-2","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/supply-forecast-2\/","title":{"rendered":"Supply Forecast"},"content":{"rendered":"\n

Multifamily construction starts increased slightly in Q3 2023, and should have a positive impact on future deliveries, states the latest\u00a0Multifamily Supply Forecast<\/a>\u00a0from Yardi Matrix.\u00a0<\/p>\n\n\n

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Construction starts remained relatively robust in the first half of 2023, and the under-construction pipeline increased 7.6 percent in the third quarter. As a result, the Q4 2023 supply forecast update has increased forecast completions 5.8 percent for 2024 and 6.2 percent for 2025.<\/p>\n\n\n\n

For multifamily markets tracked by Yardi Matrix, there are currently 1,223,601 units in the under-construction pipeline. Of these units, 479,634 are currently in lease-up, roughly in line with the trailing six-month average of 483,000 units but some 15.9 percent above year-ago levels. Most of these units will be completed this year or in the first half of 2024.<\/p>\n\n\n\n

Multifamily construction starts held at a relatively high level through the first half of 2023. As a result, the number of under-construction units not in lease-up continues to increase. Currently there are 743,967 units, a 16.2 percent quarterly increase and a 35.3 percent increase over year-ago levels. These units will most likely be completed in 2024 or 2025.<\/p>\n\n\n\n

Find more insights on forthcoming multifamily supply<\/a> from Yardi Matrix.<\/p>\n\n\n\n

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, vacant land, industrial, office, retail and self storage property types. Email matrix@yardi.com<\/a>, call 480-663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"

Multifamily construction starts increased slightly in Q3 2023, and should have a positive impact on future deliveries, states the latest\u00a0Multifamily Supply Forecast\u00a0from Yardi Matrix.\u00a0 Construction starts remained relatively robust in the first half of 2023, and the under-construction pipeline increased 7.6 percent in the third quarter. As a result, the Q4 2023 supply forecast update […]<\/p>\n","protected":false},"author":413,"featured_media":37022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2791],"tags":[1169],"class_list":["post-37021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","tag-yardi-matrix"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"Multifamily construction starts increased slightly in Q3 2023, and should have a positive impact on future deliveries, states the latest\u00a0Multifamily\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardi.com\/blog\/supply-forecast-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Forecast\" \/>\n<meta property=\"og:description\" content=\"Multifamily construction starts increased slightly in Q3 2023, and should have a positive impact on future deliveries, states the latest\u00a0Multifamily\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/supply-forecast-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-10T09:46:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:26:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2023\/11\/1200x630_Matrix_Special_Report_MF_Supply_Forecast_Update_Q4_21834.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Leah Etling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leah Etling\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/supply-forecast-2\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/supply-forecast-2\/\",\"name\":\"Supply Forecast - 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