This is because the amount of new units deployed was staggering.
In some towns in the Texas Triangle, there were literally more new units delivered this year than existing supply.
Doing something like that in LA or NYC would be absurd, given how much existing supply there is... Nevermind the Nimbyism.
And yet, Orlando has something like a 1/3rd increase in supply coming. So there are some big cities that are exceptions.
If you're in a place like NYC or LA or Chicago - where the increase in supply is like 2% - don't expect much relief from new supply...
There's a few companies that sell data on stabilized units, units under construction, and units expected to deliver in the year.
I don't know of anyone that makes the data public - but maybe someone else does???
This is because the amount of new units deployed was staggering.
In some towns in the Texas Triangle, there were literally more new units delivered this year than existing supply.
Doing something like that in LA or NYC would be absurd, given how much existing supply there is... Nevermind the Nimbyism.
And yet, Orlando has something like a 1/3rd increase in supply coming. So there are some big cities that are exceptions.
If you're in a place like NYC or LA or Chicago - where the increase in supply is like 2% - don't expect much relief from new supply...