The U.S. apartment vacancy rate in Q1 fell to 4.9%, its lowest level in more than a decade, and...

|By:, SA News Editor

The U.S. apartment vacancy rate in Q1 fell to 4.9%, its lowest level in more than a decade, and effective rents rose to $1,018/month, the biggest jump in four years, real estate research firm Reis reports. But those numbers may be peaking, as 150K-200K new units are expected to be built next year, and the added supply likely will dampen rent growth.