For the fifth consecutive year, new apartment units are expected to surpass 330,000 nationally in 2021, highlighting ever-consistent developer interest in multi-family housing.
According to the L.A. Business Journal, Los Angeles anticipates adding 13,682 units, putting in securely at No. 5 in the top markets list. For the fourth year in a row, Dallas is expected to deliver the largest number of new apartments this year—21,000-plus—despite a year-over-year decline of 13 percent.
New York, Phoenix and Houston round out the rest of the top 5, delivering anywhere between 15,000-19,000 units each. San Francisco and San Jose were the only other California markets to make the list, with 7,872 and 5,625 units expected, respectively.
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