U.S. Apartment Vacancies Stagnate as New Supply Added
U.S. apartment vacancies were unchanged in the second quarter, after three straight years of declines, as a wave of newly built units reached the market, according to Reis Inc. (REIS)
The national vacancy rate was 4.3 percent, the same as in the first quarter, even as demand for leasing remained strong, the New York-based real estate research firm said in a report today. It was the first time without a decrease in vacancies since the beginning of 2010.
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