While a chain of six solid years of increasing rental property construction seemed to indicate a cooling-off period at hand, an even larger surge is already well underway. In fact, expert observers believe that this unprecedented boom is getting new life, as demand in leading cities, as well as contingent suburbs, seems to be increasing faster than originally expected.
Over the next three years, U.S. developers are expected to build almost one million apartments. This is more than 900,000 constructed over the past three years, observers indicate. The 328,000 units reached in 2014 was the most in 30 years, according to an analysis by the U.S. Census Bureau.