Shafiq Hirani CCIMReal Estate Advisor, REMAX Distinctive · Real Estate Advisor at RE/MAX Distinctive Commercial | Washington, DC | Your Guide To Profitable Real Estate Ventures

Real Estate Market: Demand vs. Supply Shockwave! #shorts

21 Aug 2026 · 1 min

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In this concise market commentary, the speaker highlights a significant shift in U.S. multifamily housing dynamics. Deliveries in 2024 reached a 40‑year high, but projected supply will fall sharply—down 28% to roughly 382,000 units this year and another 24% by 2027. Q2 2024 saw 77,700 units delivered, a 14% YoY decline, while net absorption in the first half outpaced new supply by about 100,000 units, indicating demand is outstripping supply. The supply pipeline is uneven: the Mountain and South regions have the highest development relative to existing inventory, whereas the Pacific region is the lightest. Cities such as Austin, Phoenix, Miami, and Nashville continue to absorb new units, while the Northeast and Midwest have largely eased pressure. The overall message is that demand is outrunning supply, but regional variations create distinct opportunities and risks for owners and investors.

Chapters

Demand is outrunning supply. Now the supply picture, and this is genuinely good news. Deliveries hit a 40-year record in 2024. This year they are projected to drop 28% to about 382,000 units, and in 2027 to fall another 24%. In the 2nd quarter, 77,700 units were delivered, down 14% from a year ago, while absorption ran well ahead. In the first half, net absorption exceeded new supply by roughly 100,000 units. Demand is outrunning supply. But the pipeline is uneven. The Mountain and South regions still carry the heaviest development relative to inventory. The Pacific has the lightest. If you own in Austin, Phoenix, Miami, or Nashville, you are still absorbing supply. In the Northeast or Midwest, that pressure is largely behind you.