North Carolina City Apartment Construction Rate One of the Top in the U.S.
Next time you’re in your car riding around, I want you to take a look around you. How many new apartment complexes do you see going up? How about new neighborhoods coming around? I swear, I see it and hear it nonstop. The complex I am currently in has only been around for about two years. But, there’s also another one being built across the lot from me and another across the main road behind my complex. Not to mention, there are already like 6 within walking distance of my area. Apartment complexes are truly booming like crazy this year.
A recent report done by Apartment List shows some of the top cities where apartment complex construction is booming for 2023. As much as we would love to believe Charlotte is one of them, another North Carolina city actually made the top of the list. With the increase in population, apartment complexes are going up left and right. In 2022, 1.65 million housing units were permitted for construction. Whew, talk about growth! Coming in at the No. 2 city leading apartment construction is Raleigh, North Carolina. Raleigh’s growth in population leads to major growth in suburbs.
Raleigh has been growing phenomenally in the last few years and will continue. Can you imagine the construction in Raleigh after seeing what Charlotte has going on? Apartment complexes will continue to boom throughout our nation. Check out the full report here and see what other cities are on top of the list.