New Apartments Are Filling Up at Slowest Pace Since 2020

Share of apartments rented within three months of completion (seasonally adjusted)

Note: Units in buildings with 5+ units; most recent data point covers apartments that were completed in Q4 2023 and either rented or not rented in Q1 2024
Source: Redfin analysis of U.S. Census Bureau dataGet the dataEmbed Download imageCreated with Datawrapper