Demand for Apartments Exceeds Supply by 600,000

What is happening? The need for apartment housing exceeds the U.S. supply of apartment housing by 600,000.

Why is this important? The National Multifamily Housing Council and the National Apartment Association research indicates that the nation needs 3.7 million new units by 2035 to meet demand.

How will this be important? Industry says it is local government regulations like zoning, land use, height limits, off-street parking requirements and permitting delays,  fast-track permitting, discounts on the purchase of public land, zoning for denser development, investing in utility and sewage infrastructure for infill projects,  legalize high-density apartment construction near transit stations.

Route Fifty | The US Needs Millions More Apartment Homes. What Can Localities Do to Help Boost Supply?