{"id":9010,"date":"2023-11-07T15:11:25","date_gmt":"2023-11-07T20:11:25","guid":{"rendered":"https:\/\/homefront.azhousingforall.com\/?p=9010"},"modified":"2023-11-14T15:13:42","modified_gmt":"2023-11-14T20:13:42","slug":"us-renters-get-a-bit-of-relief-on-surge-in-apartment-construction","status":"publish","type":"post","link":"https:\/\/homefront.azhousingforall.com\/us-renters-get-a-bit-of-relief-on-surge-in-apartment-construction\/11\/07\/2023\/","title":{"rendered":"US renters get a bit of relief on surge in apartment construction"},"content":{"rendered":"<p>It panned out exactly as we predicted: As more apartments have opened up, rents have decreased. \u201cBigger metro areas [like] Austin, Phoenix and Atlanta each added at least 16,000 units over the past year, increasing their inventories by as much as 5.6 percent. Rents consequently fell in each market, compared with essentially flat levels nationwide, according to Jay Parsons, chief economist at RealPage.\u201d Rents stayed flat or increased in places where housing lagged.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: <a href=\"https:\/\/www.businesstimes.com.sg\/property\/us-renters-get-bit-relief-surge-apartment-construction\">https:\/\/www.businesstimes.com.sg\/property\/us-renters-get-bit-relief-surge-apartment-construction<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It panned out exactly as we predicted: As more apartments have opened up, rents have decreased. \u201cBigger metro areas [like] Austin, Phoenix and Atlanta each added at least 16,000 units over the past year, increasing their inventories by as much as 5.6 percent. Rents consequently fell in each market, compared with essentially flat levels nationwide, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9011,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US renters get a bit of relief on surge in apartment construction | AZ Multi-housing Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homefront.azhousingforall.com\/us-renters-get-a-bit-of-relief-on-surge-in-apartment-construction\/11\/07\/2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US renters get a bit of relief on surge in apartment construction | AZ Multi-housing Association\" \/>\n<meta property=\"og:description\" content=\"It panned out exactly as we predicted: As more apartments have opened up, rents have decreased. \u201cBigger metro areas [like] Austin, Phoenix and Atlanta each added at least 16,000 units over the past year, increasing their inventories by as much as 5.6 percent. Rents consequently fell in each market, compared with essentially flat levels nationwide, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/homefront.azhousingforall.com\/us-renters-get-a-bit-of-relief-on-surge-in-apartment-construction\/11\/07\/2023\/\" \/>\n<meta property=\"og:site_name\" content=\"AZ Multi-housing Association\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-07T20:11:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-14T20:13:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/homefront.azhousingforall.com\/wp-content\/uploads\/2023\/11\/download.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Staff Reporter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written 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