June 24 - Apartment construction migrates | Renter competition tightens

Renter competition tightens nationwide for apartments; Multifamily starts rise 5% YOY for buildings with 5 or more units; Habitat Metro completes $20M eco-conscious apartments in Phoenix

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Daily Dive

June 24, 2025 | Today’s news and insights for multifamily industry leaders

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NAHB: Multifamily construction migrates to less populous areas

There isn’t just one catalyst behind the trend, experts told Multifamily Dive.

Renter competition tightens nationwide for apartments

Despite a recent peak in new deliveries, prospective tenants still outnumber vacant units in many major markets.

Multifamily starts rise 5% YOY for buildings with 5 or more units

Although debt is available for apartment developers, equity investors are very selective about the projects they choose to back.

Renters aren’t searching. They’re discovering.

See how TikTok, AI and reviews are reshaping renter decisions—and what you can do to stay ahead. Read the free report.

Habitat Metro completes $20M eco-conscious apartments in Phoenix

Eco Phoenix, an Opportunity Zone property, offers solar power, greywater recycling and a car-share program.

ALN Data Shows EliseAI Increases Occupancy by 2%

This landmark study, derived from ALN Apartment Data’s proprietary data set, measured the impact of AI on occupancy rates across 3,763 communities using EliseAI products. The results? A 2% increase in occupancy rates versus the market average. Read report.

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