The U.S. apartment sector is well positioned to capitalize on shifting sector dynamics, creating potentially long-term opportunities within the market, according to Daniel Manware, director of research, real estate, Americas, at Nuveen, in a recent report.
The recent drop in apartment starts will be a secular tailwind for the apartment market over the medium term. Apartment starts continue to decelerate from 2022’s peak. In late 2024, they fell below the quarterly long-term average of 61,655 units. Consequently, apartment deliveries will be subdued over the medium term relative to the last two years. As a result of relatively lower new supply in the years ahead, Nuveen expects apartment fundamentals to continue to improve.
To read the full report,
