Nashville, Austin, Phoenix, Raleigh/Durham and Salt Lake City are poised to see the largest increases in the country in new apartments built this year — 5% or more, according to a national survey.
Nashville, Austin, Phoenix, Raleigh/Durham and Salt Lake City are poised to see the largest increases in the country in new apartments built this year — 5% or more, according to a national survey by RealPage, a data analytics and property management software provider.Growth in housing stock in the Sunbelt points to where people are moving — and where the economy is likely to continue thriving.
The South was the only region with positive net domestic migration last year, Smart Cities Dive says, citing Census Bureau data. "Florida, Texas and Arizona posted the largest net migration gains among all states," the news outlet said. "They also boast four of the 10 cities with the largest expected inventory growth."Here are the top 10 cities for apartment growth, followed by the percentage increase in apartment inventory expected in 2022, according to data sent by RealPage to Axios:
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