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4 of the most competitive rental markets in the country added virtually no new apartments in 2023. It shows the housing crisis isn't going away.

Multifamily housing construction is beginning to slow down as interest rates and construction and insurance costs stay high.

By: Business Insider

Apr 05 2024
9
328 Views

4 of the most competitive rental markets in the country added virtually no new apartments in 2023. It shows the housing crisis isn't going away.

A "for rent" sign is posted in front of a home on December 12, 2023 in Miami, Florida.Joe Raedle/Getty Images

Many US rental markets aren't adding enough new housing, worsening affordability… [+2875 chars]

4 of the most competitive rental markets in the country added virtually no new apartments in 2023. It shows the housing crisis isn't going away.

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