The Sunbelt and Multifamily: Oversupply Isn’t the Whole Story

For the past two years, one word has dominated conversations about the Sunbelt apartment market: oversupply. The numbers behind the narrative are real. A wave of multifamily projects that broke ground during the pandemic construction boom came online between 2023 and 2025, flooding many fast-growing markets throughout the Southwest and Southeast with new inventory. Rent...