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Building Boom of U.S. Apartments Is Cooling Off

Construction of multifamily structures is expected to fall 8 percent next year

The blistering pace of apartment building in the U.S. this year is showing signs of throttling back. While the supply of apartments and condominiums has been increasing as builders responded to rising demand for rental units, the number of projects under construction has leveled off after reaching a 42-year high in February and vacancy rates have edged up. Dodge Data & Analytics projects starts of multifamily structures to fall 8 percent in 2018.

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