Construction of new apartment units is climbing at a rapid clip. Nationwide prices for multifamily housing are rising back toward their pre-crisis peaks. Meanwhile, the market is getting a boost from low interest rates that no one considers sustainable over the long term.

To some, these factors suggest that a bubble is forming in the multifamily market and that, a few years from now, developers will be sitting on so many empty apartments that they will be unable to pay their bank loans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.