Renters in some of the fastest-growing US cities are finally getting some relief after a few years of dizzying increases as developers roll out droves of new apartments.
Austin, Phoenix and Atlanta rents drop with supply increase.
Apartment development has been more muted outside Sun Belt
Once again, building more supply eases demand and lowers the cost of housing.
My only complaint is that (in the US at least) the “Sun Belt” seems to be the only area of the country building enough to supply to significantly impact demand.
It would be awesome if the US Northeast and West Coast would hop on board the YIMBY hype train, because those two regions of the country have ridiculously high housing costs.
Once again, building more supply eases demand and lowers the cost of housing.
My only complaint is that (in the US at least) the “Sun Belt” seems to be the only area of the country building enough to supply to significantly impact demand.
It would be awesome if the US Northeast and West Coast would hop on board the YIMBY hype train, because those two regions of the country have ridiculously high housing costs.