New Apartment Construction to Reach 50-Year High

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Some news on the housing market, new apartment construction is set to reach a 50 year high as around 461,000 new units across the US are set to be built this year. That's according to a report from Rent cafe. The report found that New York, Dallas, Austin, Texas, Miami and Atlanta are the areas with the most new apartment construction. The housing market is still tough though almost 75% of renters say they rent in areas that couldn't afford to purchase a home. That's according to a real page survey.