Multifamily Construction & Supplyby Ivan Kaufman

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Ivan Kaufman’s Real Estate Market Overview

• The increasing delivery of new multifamily supply is concerning.

• There are more than 500,000 multifamily units coming online, which hasn’t been seen in decades.

• Combined with concerns of an increase in homeownership and wage growth, you could have a perfect storm of a correction in the multifamily market.

Key Takeaways – Multifamily Construction

Ivan Kaufman’s Real Estate Market Overview

U.S. Recession

0.0

180.0

360.0

540.0

720.0

900.0

Under Construction (Units)

Source: Arbor, U.S. Census Bureau

Multifamily Housing Units Under Construction at Year-EndUnited States , Not Seasonally Adjusted, Units in Buildings with 5 Units or More, Thousands