The number of new apartments is at a 50-year high, but states expect a slowdown • Oregon Capital Chronicle

The number of new apartments in the U.S. is at a 50-year high, but states expect a slowdown

Apartments and stores under construction in Rapid City, S.D., in 2023. New apartments reached almost 592,000 nationally last year, the highest number since 1974, with South Dakota and the Rapid City area approving new apartments at particularly high rates. (Photo by Seth Tupper/South Dakota Searchlight)More new apartments were built in 2024 than in any other year since 1974, but the Trump administration’s tariffs and deportations of potential co…

The number of new apartments is at a 50-year high, but states expect a slowdown • Oregon Capital Chronicle

Apartments and stores under construction in Rapid City, S.D., in 2023. New apartments reached almost 592,000 nationally last year, the highest number since 1974, with South Dakota and the Rapid City area approving new apartments at particularly high rates. (Seth Tupper/South Dakota Searchlight)More new apartments were built in 2024 than in any other year since 1974, but the Trump administration’s tariffs and deportations of potential constructio…

The number of new apartments is at a 50-year high, but states expect a slowdown

Apartments and stores under construction in Rapid City, S.D., in 2023. New apartments reached almost 592,000 nationally last year, the highest number since 1974, with South Dakota and the Rapid City area approving new apartments at particularly high rates. (Seth Tupper/South Dakota Searchlight)More new apartments were built in 2024 than in any other year since 1974, but the Trump administration’s tariffs and deportations of potential constructio…

The number of new apartments is at a 50-year high, but states expect a slowdown • New Jersey Monitor

Apartments and stores under construction in Rapid City, S.D., in 2023. New apartments reached almost 592,000 nationally last year, the highest number since 1974, with South Dakota and the Rapid City area approving new apartments at particularly high rates. (Seth Tupper/South Dakota Searchlight)More new apartments were built in 2024 than in any other year since 1974, but the Trump administration’s tariffs and deportations of potential constructio…

SD leads the way as new apartments hit a 50-year high, but states expect a slowdown • South Dakota Searchlight

A mixed-use residential and commercial building under construction on June 13, 2023, in downtown Rapid City. (Seth Tupper/South Dakota Searchlight)More new apartments were built in 2024 than in any other year since 1974 — while South Dakota led the way in approval of new housing units — but the Trump administration’s tariffs and deportations of potential construction workers, plus higher interest rates, could be a wet blanket on the boom. A U.S.…